Erste Group Bank AG and BNP Paribas acted as joint global coordinators and joint bookrunners, while ING Bank N.V., KBC Bank NV and Raiffeisen Bank International AG acted as joint bookrunners.
The final order book, consisting of almost 200 investors, exceeded €3 billion, representing over six times the issue size.
"We are coming back to the international capital market after three years in great shape. ČD’s financial results have been positive already for the third year in a row," says Michal Krapinec, Chairman of the Board of Directors, continuing: "We will use the funds raised to modernise our rolling stock and to refinance previous commitments."
The bonds were listed on the Luxembourg Stock Exchange and were primarily purchased by institutional investors. Asset managers and insurance companies dominated with 81% of subscriptions, followed by banks with 16%. In terms of region, the largest share was allocated to investors in German-speaking countries, followed by those in the United Kingdom, Central and Eastern Europe, France, and the Benelux countries.
