Czech Republic’s CE Energy calls €32.5 million 7% notes, to call rest

By Marisa Wong

Morgantown, W.Va., Feb. 29 – CE Energy has issued a notice of conditional redemption for its 7% senior notes due 2021.

The issuer plans to redeem €32.5 million of the €375 million outstanding notes on March 30.

The notes will be redeemed at 103 plus accrued interest from Feb. 1 to the redemption date. The additional amount will be €1,147.22 per €100,000 principal amount.

The redemption is subject to a financing condition.

The company also intends to redeem €50 million of the 7% notes on March 29 under a separate equity offering redemption and €292.5 million of the notes on April 1 under a separate make-whole redemption.

Citibank, NA, London Branch is the trustee.

The energy and mining company is based in Brno, Czech Republic.

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