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White & Case and Dentons Advise on CEZ Group's EUR 750 Million Sustainability-Linked Notes Issuance

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White & Case has advised CEZ Group on the issuance of EUR 750 million in 4.125% sustainability-linked notes due in 2033, under the company’s updated EUR 8 billion EMTN program with CaixaBank, Citigroup Global Markets Europe, Intesa Sanpaolo, Raiffeisen Bank International, SMBC Bank EU, Societe Generale, and UniCredit Bank as the joint lead managers and PKO Bank Polski as co-manager. Dentons advised the banks.

According to White & Case, the notes, listed on the Luxembourg Stock Exchange, include a 0.75% redemption premium payable at maturity if CEZ Group fails to meet its stated greenhouse gas emission intensity target. 

In 2024, White & Case advised CEZ Group on its EUR 700 million and EUR 750 million sustainability-linked note issuances (as reported by CEE Legal Matters on October 10, 2024).

The White & Case team included Prague-based Partner Petr Hudec, Local Partner Jan Vacula, and Associate Josef Levy.

The Dentons team included Prague-based Partners Jiri Tomola and Ondrej Barton, Counsel Lukas Poulik, and Senior Associate Martin Fiala as well as further team members in London.

Dentons at a Glance

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you.

Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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