Czech CEZ picks BNP,Citi for Eurobond issuance plan

24.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, July 24 (Reuters) - Czech power utility CEZ has mandated banks BNP Paribas and Citigroup to jointly arrange a medium-term Eurobond ...

...issuance programme (EMTN), CEZ said on Tuesday.

CEZ said in a statement the transaction and its timing would be set at a later date. In May the company said it planned to return to foreign debt markets with a eurobond offering in the autumn under a 4 billion EMTN programme.

State-owned CEZ, the largest Czech company with a market capitalisation of about $32 billion, is rated "A-" by Standard & Poor's and "A2" by Moody's.

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