Czech Gas Networks to sell €500 million eight-year green notes

By Rebecca Melvin

Concord, N.H., Sept. 1 – Czech Gas Networks Investments Sarl, the parent of Czech Grid Holding as, is expected to price €500 million green notes with a maturity of eight years (expected rating: //BBB+), according to a regulatory notice on Wednesday.

Further new details were not immediately available.

As previously reported, ING is green structurer of the Regulation S deal, which is the company’s inaugural green bond. ING is also a joint bookrunner together with Citigroup, Societe Generale and UniCredit.

A global investor call regarding the senior secured bond was held on Aug. 27, followed by additional fixed-income investor calls.

The issuer is a natural gas distributor in the Czech Republic.

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