16. July 2026

Accolade sells out green bonds worth CZK 2.5 billion as strong demand doubles issue size

The four-year bonds carry a fixed interest rate of 7.00% p.a. and were offered in a public offering through a consortium of four banks. Česká spořitelna, a.s., Československá obchodní banka, a.s., and Komerční banka, a.s. acted as arrangers and lead co-managers of the issue, with UniCredit Bank Czech Republic and Slovakia, a.s. also serving as lead co-manager. The issue date was 10 July 2026, and the nominal value of each bond was CZK 10,000. Accolade was advised on legal matters by the law firm White & Case, while the banking consortium was represented by A&O Shearman. 

“Our green bonds attracted such strong demand that we were once again able to use the full upsize option. We see this as a clear signal of investor confidence in the quality of our assets, the stability of our long-term tenants, and the direction in which we are developing industrial infrastructure. The allocation of this CZK 2.5 billion issue is, at the same time, a commitment on our part to maintain the same investment and financial discipline,” said Milan Kratina, CEO of Accolade. 

“Our financing naturally evolves alongside the group's growth, from credit programmes through portfolio financing to public bond issues. Green bonds have become a solid part of our financing mix: they broaden our investor base, diversify our funding sources, and align naturally with the nature of the projects we invest in. We thank the investors, banks, and other partners who contributed to this result,” added Tomáš Procházka, CFO of Accolade. 

“I would also like to thank the entire Accolade team and our partners who worked on preparing this issue. Their professionalism, dedication, and excellent cooperation were essential to its success,” concluded Zdeněk Šoustal, co-owner of Accolade. 

CZK 2.5 billion for green projects 

Accolade will use the proceeds from the issue to finance or refinance projects that fall primarily under the “Green Buildings” category. The group includes in this category only projects that meet the highest environmental standards in reducing the energy intensity of buildings, using renewable energy sources, or minimising environmental impact. 

In preparing the issue, the group followed its Green Finance Framework, which sets out the rules for developing green projects in line with the EU Taxonomy. The framework's compliance with green financing principles and standards was confirmed by an independent assessment from Sustainalytics, one of the most respected sustainability rating agencies. 

Fifth issue, fifth upsize 

The issuer of the bonds, which are listed on the Regulated Market of the Prague Stock Exchange, is Accolade Finco Czech 2, s.r.o. This is a special-purpose entity established to issue bonds and subsequently provide financing to other companies within the group. The company is wholly owned (100%) by its parent company, Accolade Holding, a.s., which also provides a financial guarantee for the repayment of the bonds. 

This latest issue extends the group's existing series to five green bond issues since 2024, spanning 2024, 2025, and 2026. Thanks to strong investor interest, the group has upsized each of these issues beyond its originally intended volume. 

Accolade bond issue parameters 

• Issuer: Accolade Finco Czech 2, s.r.o. 

• Guarantor: Accolade Holding, a.s. 

• Issue volume: CZK 2.5 billion, fully allocated 

• Nominal value per bond: CZK 10,000 

• Issue date: 10 July 2026 

• Maturity: 4 years, until 10 July 2030 

• Interest rate: Fixed, 7.00% p.a. 

• Public offering: 2–25 June 2026 

• Arrangers and lead co-managers: Česká spořitelna, a.s., Československá obchodní banka, a.s., Komerční banka, a.s. 

• Lead co-manager: UniCredit Bank Czech Republic and Slovakia, a.s. 

• Legal advisors: White & Case (Accolade), A&O Shearman (banking consortium) 

Information on Accolade's bond programme is available in the base prospectus, accessible here; the final terms for the latest green bond issue are available here.