Investors have once again backed the green bonds of Accolad, a leading European player in modern industrial real estate. The group's fifth issue of senior green bonds attracted exceptional investor interest, allowing Accolade to use the full upsize capacity and expand the issue from an originally planned CZK 1.25 billion to CZK 2.5 billion.
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.
“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.
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)
