EPH issues 3Y 4.2% bonds

22. 6. 2015

Working with J&T Banka, Energetický a průmyslový holding (EPH) is issuing three-year bonds with a nominal value totalling EUR 75 million. The bonds, each with a nominal value of EUR 1,000 and all maturing in June 2018, will yield 4.2% p.a. payable on a half-yearly basis. As of today, J&T Banka’s offices in Bratislava and Prague accept instructions for the purchase of the bonds, with an issue date of 29 June 2015.

“Our new bond issue is primarily intended for euro private investors, to whom we thereby give an opportunity to share in the dynamic growth of a leading energy company”, says Daniel Drahotský, Director of the Financial Markets Division at J&T Banka. The Group, managed by Daniel Křetínský, includes more than 40 major companies enjoying a leading or important position in the Central European heat supply, electricity generation and distribution, and natural gas transmission, storage and distribution markets. “EPH has a remarkable ability to convert sales into cash and is capable of honouring its obligations at a fast pace”, says Pavel Horský, EPH’s Chief Financial Officer.

The bonds are being issued through a Slovak subsidiary, EPH Financing SK, for the obligations of which the parent group provides a 100% guarantee. The EPH Group companies are already well-established issuers on euro bond markets, and their securities, which receive ratings, have been part of international investors’ portfolios for several years.

J&T Banka is the manager and administrator of the issue while J&T IB and Capital Markets is the arranger. The new bonds will be listed at the Bratislava Stock Exchange.

The prospectus of the issue is posted at www.epholding.cz/investors/eph-financing-sk.