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Czech Republic’s CEZ to buy €463.1 million exchangeables under offer
By Wendy Van Sickle
Columbus, Ohio, March 31 – CEZ, AS said it received and accepted €463.1 million, or about 98.8%, of the outstanding €468.6 million of its guaranteed exchangeable bonds due 2017 under its invitation to holders to sell the bonds.
The issuer will pay €109,000 per €100,000 principal amount of the bonds, which are exchangeable into ordinary shares of MOL Hungarian Oil and Gas plc.
The invitation opened on Wednesday and concluded at noon ET on Thursday.
Following settlement, about €5.5 million of the exchangebles will remain outstanding.
Barclays Bank plc, Citigroup Global Markets Ltd. and Deutsche Bank AG, London Branch acted as joint dealer managers.
CEZ is a Prague-based conglomerate focused on electricity, trade and coal mining.
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