Czech Republic’s CE Energy sets make-whole call price for 7% notes

New York, March 30 – CE Energy, as said that the make-whole redemption price for its 7% senior notes due 2021 will be 109.32701.

The price was calculated using a discount route of Bunds plus 50 basis points.

CE Energy will also pay accrued interest up to the redemption date, according to a notice from the company.

CE Energy previously announced a series of redemptions to repay the notes.

As announced on Feb. 29, the issuer redeemed €32.5 million of the €375 million outstanding notes on March 30 at a price of 103 plus accrued interest.

The company also announced the redemption of €50 million of the 7% notes on March 29 under a separate equity offering redemption.

The remaining €292.5 million of the notes will be redeemed on April 1 using the make-whole redemption feature.

Citibank, NA, London Branch is the trustee.

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

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