České dráhy €115.2 million private placement bond issue

Overview:

• Czech Republic's state-controlled railway company České dráhy sold €115.2 million in bonds through a private placement.
• The bonds were issued in two tranches: €37.7 million 1.89% bearer bonds maturing March 2022 and €77.5 million 3% bearer bonds maturing April 2035.
• The bonds were issued to refinance the company's its existing debt . 
• Erste Group Bank was sole lead arranger on the issue.
• Erste did not use outside counsel on the transaction. 

Kurt Stumpo - Journalist