CEZ taps euro market for second time this year

15 Oct 2009

Czech public sector electricity producer Ceske Energeticke Zavody (CEZ) returned to the euro market to price a Eu600m 12 year offering at 150bp over mid swaps on October 9.

The issue, which has a coupon of 5% and sold at 99.057, is the company’s second euro-denominated transaction this year. It raised Eu600m in a six year 5.75% transaction which priced at 99.861 in May.

CEZ launched the transaction to finance its acquisition of 49% of a Prague ...

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