By Aaron Hochman-Zimmerman
New York, June 3 - The Czech Republic (A1/A/A+) priced its debut €2 billion 10-year eurobond at 99.738 with a coupon of 5% to yield a spread of mid-swaps plus 25 basis points, according to a market source.
Barclays and Deutsche Bank acted as bookrunners for the deal.
The bonds represent the first offering in the eurobond market for the Czech Republic.
| Issuer: | Czech Republic
|
| Amount: | €2 billion
|
| Issue: | Eurobond
|
| Maturity: | April 3, 2018
|
| Coupon: | 5%
|
| Price: | 99.738
|
| Spread: | Mid-swaps plus 25 bps
|
| Bookrunners: | Barclays, Deutsche Bank
|
| Pricing date: | June 3
|
| Settlement date: | June 11
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Fitch: A+
|
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