ENERGO-PRO has completed its debut issue of 370 million euros of guaranteed unsecured corporate bonds
London, 30 November 2017 — ENERGO-PRO a.s. has completed the corporate bond issue, as stated in a communication published on 21 November 2017. The issue is worth EUR 370 million of guaranteed unsecured Eurobonds maturing on December 7, 2022, with a 4% fixed coupon and an issue yield of 4%. Bonds are payable in December 2020 and on any coupon payment date thereafter. Investor interest exceeded 800 million euros. The bonds will be traded on the Irish Stock Exchange.
S&P and Fitch set the bond rating at BB- and BB, respectively, in line with the issuer's corporate rating.
The issue is marketed to a wide range of institutional investors across Europe. The net proceeds will be used to repay the group's current credit indebtedness and for general corporate purposes.
