SPP Distribúcia’s €500 Million Bond Offering

Dentons has advised SPP – distribúcia, a.s. on the offering.

he €500 million bond, with a record low annual yield of 1.000%, matures in June 2031. The issuance received an enthusiastic response from investors.

SPP – distribúcia, a.s. is the Slovak leader in natural gas distribution, with its main activities being the sale of distribution capacities, development activities, operation and maintenance of the gas distribution network, through which they distribute approximately 98% of the total distributed volume of natural gas in the Slovak Republic to more than 1.5 million supply points. and currently serves. SPP – distribúcia, a.s. is indirectly owned by the Slovak Republic (51 per cent.) and indirectly owned by EP Infrastructure, a.s. (“EPIF”) (49 per cent., including management control), a Czech Republic-based energy infrastructure utility focused on gas transmission, gas and power distribution, heat and power generation and gas storage, with principal operations in the Slovak Republic and the Czech Republic.

The Dentons London team was led by partner Nick Hayday (Picture), who was assisted by associate Niharika Khimji and trainee Ed Varney advising on English law. The London team worked alongside Prague-based energy partner Petr Zákoucký and Bratislava finance team led by counsel Patricia Gossányiová with senior associate Radoslav Pálka, who advised on Slovak law.

Involved fees earner: Patricia Gossanyiova – Dentons; Nick Hayday – Dentons; Niharika Khimji – Dentons; Radoslav Pálka – Dentons; Petr Zákoucký – Dentons;

Law Firms: Dentons;

Clients: SPP – distribúcia;

Author: Federica Tiefenthaler