Energo-Pro's €750 Million Green Bond Achieves Notable Success
Deal News | Jun 18, 2025 | White & Case LLP
Global law firm White & Case LLP has played a pivotal role in advising ENERGO-PRO a.s. on its €750 million inaugural international green bond issuance. The issuance, initially set at €500 million, was significantly upsized due to strong investor interest, and marks Energo-Pro's debut on the international green bond market. The proceeds will finance the acquisition of the Baixo Iguau hydropower plant in Brazil, repay previous debts, and fund general corporate purposes. This marks a strategic move for Energo-Pro, a leading hydropower generator and distributor in Central & Eastern Europe, the Black Sea region, and Latin America, as it expands its green financing framework and international reach. White & Case's team was led by Prague-based partner Petr Hudec, highlighting the firm's expertise in cross-border capital markets.
Sectors
- Renewable Energy
- Capital Markets
- Legal Services
Geography
- Czech Republic – Energo-Pro is based in the Czech Republic, which serves as a central hub for its operations.
- Brazil – The acquisition of the Baixo Iguau hydropower plant in Brazil is a key strategic move for Energo-Pro.
- United Kingdom – White & Case's London office played a significant role in advising on the transaction.
Industry
- Renewable Energy – The issuance of green bonds by Energo-Pro represents the company's involvement in the renewable energy sector, focusing on hydropower projects.
- Capital Markets – The transaction involved issuing notes and listing them on a regulated market, indicating capital market activities.
- Legal Services – White & Case LLP's advisory role highlights the involvement of the legal services industry in facilitating complex financial transactions.
Financials
- €750 million – Total amount of the green bond issuance by Energo-Pro.
- 8.00% – Coupon rate of the guaranteed notes issued.
- $435 million – Previous notes to be repaid with proceeds from the issuance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ENERGO-PRO a.s. | Issuer | Company | A leading hydropower generator and electricity distributor based in Central & Eastern Europe and active in multiple regions. |
| White & Case LLP | Legal Advisor | Company | Global law firm advising Energo-Pro on the green bond issuance. |
| Citigroup Global Markets Europe | Joint Bookrunner and Joint Lead Manager (Initial Issuance) | Company | Financial institution involved in the bond offering. |
| Goldman Sachs Bank Europe | Joint Bookrunner and Lead Manager | Company | Financial institution acting as joint bookrunner on the initial offering and sole lead manager for the subsequent issuance. |
| J.P. Morgan | Joint Bookrunner and Joint Lead Manager (Initial Issuance) | Company | Financial institution involved in the bond offering. |
| Christian Blatchford | General Counsel and Chairman of Supervisory Board | Person | General Counsel at ENERGO-PRO overseeing legal and strategic framework. |
| Petr Hudec | Partner at White & Case | Person | Led the transactional team from White & Case in Prague. |