White & Case advises Slovenské elektrárne on establishment of €2 billion EMTN programme and €750 million debut green bond issuance

Global law firm White & Case LLP has advised Slovenské elektrárne, a.s. (Slovenské elektrárne), the largest electricity producer in Slovakia and one of the largest in Central Europe, on the establishment of its €2 billion Euro Medium Term Note (EMTN) programme and the successful debut issue of €750 million 3.875% green bonds due 2032 under the programme. The offering was more than six times oversubscribed, with investor orders exceeding €4.8 billion.

"We are delighted to see such a significant green energy producer come to market and are proud to have supported Slovenské elektrárne in achieving this important milestone," said White & Case partner Petr Hudec, who led the Firm's deal team. "The overwhelming investor response to Slovenské elektrárne's inaugural green bond issuance not only highlights the market’s confidence in the company's strategy and credit profile, but also underscores the increasing demand for sustainable investment opportunities in Central Europe."

The bonds are admitted to trading on the regulated market of Euronext Dublin. BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, Intesa Sanpaolo S.p.A., Société Générale and UniCredit Bank GmbH acted as joint lead managers and joint bookrunners.

Slovenské elektrárne is a leading Slovak energy producer operating a generation fleet of nuclear, hydro and photovoltaic power plants, supplying 100 percent of the electricity it delivers to the grid without any direct CO2 emissions.

The White & Case team which advised on the transaction was led by partner Petr Hudec, working closely with local partner Jan Vacula and associates David Mikyska and Josef Levy (all Prague). White & Case acted as international legal counsel, with Hillbridges acting as Slovak local co-counsel.

Press contact
For more information please speak to your local media contact.