Czech Republic's RPG talks €400 million notes at 6¾%; pricing Friday

By Paul A. Harris

Portland, Ore., April 19 - RPG Byty talked its €400 million offering of seven-year notes (Ba2//) with a 6¾% yield on Friday, a market source said.

That talk represents a downward revision from earlier guidance in the 7% area.

Books are closed, and the deal is set to price Friday.

Goldman Sachs and JPMorgan are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to repay existing debt and for other corporate purposes.

The roadshow began Tuesday and will conclude on Friday.

The Ostrava, Czech Republic-based company operates and leases residential apartments.

© 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.