White & Case has advised CEZ Group on the issuance of EUR 700 million 4.125% sustainability-linked notes due 2031 and EUR 750 million 4.250% sustainability-linked notes due 2032 under its EUR 8 billion EMTN program. Dentons reportedly advised the underwriters.
CEZ Group is the largest electricity generation and electricity and gas distribution company in the Czech Republic.
According to White & Case, “the notes are admitted to trading on the regulated market of the Luxembourg Stock Exchange and followed the annual update of CEZ Group's EUR 8 billion EMTN program.”
The White & Case team included Prague-based Partner Petr Hudec, Counsel Petr Smerkl, Associate Jan Vacula, and Legal Intern Josef Levy as well as further team members in London.