EPH issues medium-term bonds

13. 2. 2020

Energetický a průmyslový holding, a.s. (EPH) issues through its subsidiary EPH Financing CZ, a.s. 5-year bonds up to the total volume of CZK 5 billion with a potential increase up to CZK 7.5 billion with the fixed interest profit 4.50% p.a. EPH Financing CZ, a.s. mandated a consortium of banks consisting of Česká spořitelna, a.s., J&T BANKA a.s., Komerční banka a.s. and UniCredit Bank Czech Republic and Slovakia, a.s. to place the new bond issue.

 

Proceeds of the bonds issue will be mainly used for refinancing of existing debt of the EPH group due in 2020.

 

We expect that this is going to be one of the largest bond issues on the Czech market. We are pleased with the interest of banks supporting EPH in the process of optimization of maturity profile of our indebtedness which is low in comparison to our peers on the European energy market. This reflects the group’s stable performance due to operation of our regulated and long-term contracted assets in the field of energy infrastructure and power generation,” said Pavel Horský, CFO and a member of the Board of Directors of EPH.

 

A public offering of bonds in the Czech Republic has been already initiated and after all regulatory approvals are obtained EPH will consider public offering also in the Slovak Republic.