White & Case LLP has advised the Accolade Group (Accolade) on its CZK 2.5 billion issuance of 6.875% green notes due 2031.
The notes were issued by Accolade Finco Czech 2, s.r.o. and guaranteed by Accolade Holding, a.s. The proceeds will be used to finance or refinance Accolade's projects meeting the criteria for the "Green Buildings" category, as well as renewable energy projects. The notes were offered to both retail and institutional investors, attracting strong demand and leading to an increase in the total nominal value.
"Accolade's latest green bond issuance highlights strong investor appetite for sustainable investments," said White & Case partner Petr Hudec, who led the Firm's deal team. "We are pleased to support Accolade as it continues to expand its portfolio and advance its sustainability goals."
This transaction follows Accolade's successful green bond issuance in June 2024, and the later establishment of a CZK 5 billion bond programme, as well as a further issuance in April 2025, all advised on by White & Case. The notes are listed on the regulated market of the Prague Stock Exchange. Česká spořitelna, Československá obchodní banka and Komerční banka acted as arrangers and joint lead managers, with PPF banka and Raiffeisenbank as co-managers, on the latest issuance.
Accolade is a leading investment group which focuses on the development, management and leasing of industrial real estate in six European countries. Accolade also owns approximately 21.1 percent of the net asset value of Accolade Industrial Fund, which is open to qualified investors. Additionally, Accolade operates Brno Tuřany International Airport, the Czech Republic's second largest airport by number of passengers.
The White & Case team in Prague which advised on the transaction was led by partner Petr Hudec and included associates David Mikyska, Anna Bezděková and Josef Levy.
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