Czech CEZ issues CZK 7 bln, 3-yr domestic bond

08.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech state-owned power utility CEZ is raising 7 billion crown ($342.1 million) through a 3-year domestic bond with a fixed annual coupon of 4...

...3 percent, the company said on Wednesday.

The issue date was set for Aug. 27 and the note is priced at 99.93 percent of the nominal value, CEZ said in a statement.

The proceeds of the issue jointly lead-managed by Ceska Sporitelna and Komercni Banka will be used to cover the firm's general financing needs, refinancing and further growth, CEZ said.

[PRAGUE/Reuters/Finance.cz]

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