A report that appeared in the Prospect News Emerging Markets Daily on May 19 incorrectly stated the coupon for Ceske Drahy AS' deal. A corrected version of the story follows.
Atlanta, May 24 – Czech Republic’s Ceske Drahy AS sold €400 million 1 7/8% notes due May 25, 2023 (expected rating: Baa2) at 99.024 to yield 2.026%, according to a company filing.
Citigroup and Societe Generale CIB were the bookrunners for the Regulation S deal.
The issuer is a Prague-based rail operator.
| Issuer: | Ceske Drahy AS
|
| Amount: | €400 million
|
| Maturity: | May 25, 2023
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Societe Generale CIB
|
| Coupon: | 1 7/8%
|
| Price: | 99.024
|
| Yield: | 2.026%
|
| Trade date: | May 18
|
| Settlement date: | May 25
|
| Expected rating: | Moody's: Baa2
|
| Distribution: | Regulation S
|
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