EASTERN EUROPE

05 Nov 1999

Czech Republic

The Eu50m transaction for Ceska Sporitelna has been wrapped up, after achieving a 100% oversubscription from a market initially wary of Czech credits.

The borrower is likely to increase the deal. The arrangers are Bankgesellschaft Berlin/

Zivnostenska Banka, Commerzbank (books), DG Bank, ...

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