Czech Republic's CEZ gets tenders for €246 million of 4.625% notes

By Jennifer Chiou

New York, Dec. 3 - CEZ AS announced that holders tendered €246 million of CEZ Finance BV's €400 million of 4.625% guaranteed notes due 2011 and none of its €500 million of 5.125% notes due 2012 or €500 million of 4.125% notes due 2013.

The offer began on Nov. 23.

The company offered to swap existing notes for new euro-denominated fixed-rate notes or for cash in a simultaneous tender offer.

The details of the new notes were expected to be released at the beginning of the month, according to a prior news release.

Citigroup Global Markets Ltd., Erste Group Bank AG and Societe Generale were the dealer managers.

CEZ is a Prague-based power distribution company.

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