White & Case advises EPH on €500 million green bond issuance

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Global law firm White & Case LLP has advised Energetický a průmyslový holding, a.s. (EPH), a leading pan-European energy utility, on the issuance of €500 million 4.625% green bonds due 2032 issued by EPH Financing International, a.s. and guaranteed by EPH.

The offering was more than eight times oversubscribed, with investor orders exceeding €4 billion.

"This is a fantastic bond issue by EPH, highlighting investor demand for high quality European investment-grade corporates in the international debt capital markets," said White & Case partner Petr Hudec, who led the Firm's deal team. "We were glad to once again have the opportunity to support the company on its immensely successful journey."

The bonds were issued under the €3 billion Euro Medium Term Note (EMTN) programme of EPH Financing International, a.s. and are admitted to trading on the Global Exchange Market of Euronext Dublin. Goldman Sachs Bank Europe SE, ING, J.P. Morgan, MUFG and SMBC acted as joint lead managers and joint bookrunners.

White & Case previously advised EPH on the establishment and updates of the EMTN programme, as well as issuances totalling €1.1 billion under that programme.

EPH is a leading European energy group that owns and operates assets across Western Europe and Central & Eastern Europe, including the UK, France, Germany, Italy, Ireland, the Czech Republic, Slovakia, the Netherlands and Switzerland. It covers the complete value chain of the energy sector, including power and heat generation, natural gas transmission, gas storage and gas, cogeneration, heat and electricity distribution and supply.

The White & Case team advising on the transaction was led by partner Petr Hudec (Prague), working closely with local partner Jan Vacula and associates Anna Bezděková and Josef Levy (all Prague).

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