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Erste Group Manages Issue of Czech Republic € 2.0bn Bond
The Austrian bank observed good demand for the Czech sovereign bonds offering: total orders of approx. € 3.5bn from over 190 investors.
Erste Group Manages Issue of Czech Republic € 2.0bn Bond / Picture: © Wikimedia Commons / [Public Domain]
Erste Group Bank AG through its subsidiary Ceská sporitelna managed a € 2.0bn issue of a 10-year Czech government bond as Joint Lead Manager and Joint Bookrunner. The issue, which carries a coupon of 3.875% and is due 24 May 2022, was priced at a re-offer price of 99.169% to provide a yield of 3.997%. The strong fundamentals of the country generated major interest from investors in…
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