Prague, April 23, 2025 - ČEZ, a. s. (Baa1/A-) emphasizes the sustainability and the environmental impact of its business. In line with this strategy, its fourth EUR 750 million 4,125% sustainability-linked notes due 2033 have been successfully introduced on capital markets. The notes are based on the Sustainable Financing Framework.
In case ČEZ does not meet its GHG Emission Intensity target of max. 0.16 tCO2e/MWh by 31st December 2030, this will result in a Redemption Premium of 0.75% paid at maturity in 2033.
The deal was priced at a spread of 185 basis points above the reference mid-swap rate with a resulting issue price of 99,393%. The expected issue date is April 30, 2025. The sustainability-linked notes will be issued under the established EMTN Programme.
CaixaBank, Citi, IMI-Intesa Sanpaolo, Raiffeisen Bank International, SMBC, Societe Generale and Unicredit have acted as Joint Lead Managers. PKO Bank Polski S.A. acts as a co-lead manager.