Čez cuts through curve with lone benchmark bond
Čez‘s 15 year bond was trading tighter on Wednesday morning, after coming inside its own curve on Tuesday. Even with a long tenor the issuer was able to offer its lowest coupon yet for a eurobond.
But Čez is unlikely to be tempted into the public market again this year despite the buoyant backrop, it told EuroWeek Emerging Markets
The bookrunners priced the bond at 98bp over mid-swaps with a 3% coupon, after receiving over 2bn in orders from 193 accounts.
The strong oversubscription made it
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.