UPDATE 1-Czech Export Bank plans EUR 50 mln, 5-yr eurobond

03.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Adds size and maturity of deal)...

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PRAGUE/State-owned Czech Export Bank (CEB) plans to issue 50 million euros in five-year eurobonds by the end of August, the bank said on Friday.

The offering is fully guaranteed by the Czech Republic and its sole lead manager is Dexia Capital Markets.

The bond will be launched through the issuer's medium-term bond programme (EMTN) and priced in the near future, subject to market conditions, the bank said.

Further details are expected to be released next week, said Dexia.

The first transactions under CEB's 1 billion euro EMTN programme were two floating rate notes worth a total of 170 million euros issued earlier this year and arranged by Morgan Stanley.

Czech Export Bank, which helps fund Czech exporters, is rated A- by Standard & Poor's and Aa1 by Moody's Investors Service.

[LONDON/Reuters/Finance.cz]

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