New Issue: Prague prices €200 million 3 1/8% notes due 2023 to yield mid-swaps plus 115 bps

By Christine Van Dusen

Atlanta, June 26 - The City of Prague priced a €200 million issue of 3 1/8% notes due July 3, 2023 (A1/A+/) at 99.417 to yield 3.194%, or mid-swaps plus 115 basis points, a market source said.

The offering came at the tight end of talk which had been set at a spread of 115 bps to 120 bps.

CSOB (KBC Group) and Unicredit were the bookrunners for the deal.

Issuer:	City of Prague
Amount:	€200 million
Maturity:	July 3, 2023
Description:	Notes
Bookrunners:	CSOB (KBC Group), Unicredit
Coupon:	3 1/8%
Price:	99.417
Yield:	3.194%
Spread:	Mid-swaps plus 115 bps
Trade date:	June 26
Settlement date:	July 3
Ratings:	Moody's: A1
	Standard & Poor's: A+
Price talk:	Mid-swaps plus 115 bps to 120 bps

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.