Rating: Aaa/AAA/AAA
Amount: Ck1bn
Maturity: January 30, 2003
Issue price: 100.00
Fixed re-offer price: 99.92
Coupon: three month Pribor flat
Launched: Wednesday January 17
Lead mgr: Dresdner Kleinwort Wasserstein
Bookrunner's comment:
We had one large lead order from a Czech financial institution asking for a high quality credit as part of a publicly launched deal. General Electric has issued before in korunas and is a well accepted name. It also has local currency requirements.
We chose the floating rate structure to attract new areas of interest. About 80%-85% of the issue will go to Czech buyers, especially banks and financial institutions, which have not been overly tapped before. Elsewhere, we saw interest in France, and a little in Germany and Austria.
