By Aaron Hochman-Zimmerman
New York, April 29 - Czech Republic prices €1.5 billion of 5.5-year eurobonds at mid-swaps plus 190 basis points (A1/A/A+), according to a Finance Ministry release.
The debt sold with a coupon of 4½%.
Barclays Capital, Ceska Sporitelna and Deutsche Bank acted as bookrunners for the deal.
Proceeds will be used for the refinancing of redemptions and to support the current budget.
The bonds come from a €10 billion program.
Issuer: Czech Republic
Issue: Eurobonds
| Amount: | €1.5 billion
|
| Maturity: | 2014 (5.5 years)
|
| Coupon: | 4½%
|
| Spread: | Mid-swaps plus 190 bps
|
| Bookrunners: | Barclays Capital, Ceska Sporitelna, Deutsche Bank
|
| Pricing date: | April 29
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
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