Kretinsky’s EP Infrastructure Sells €600 Million Green Bond

EP Infrastructure, a.s. (EPIF) raised €600 million from a green bond on Thursday, after selling a stake in its holding company to TotalEnergies SE.

The company, owned by Czech billionaire Daniel Kretinsky, printed the debt with a 4.125% coupon at 160 basis points over mid-swaps, tightened from around 200 basis points at initial price talks, for a long seven-year note, according to a person familiar with the matter who asked not to be identified. The sale attracted more than €3.2 billion of investor demand.