By William Gullotti
Buffalo, N.Y., July 20 – Energo-Pro AS priced €300 million of 4.262% senior notes due Feb. 4, 2035 (Aa1) on Thursday, according to a company announcement.
The notes will be guaranteed by the United States International Development Finance Corp., an agency of the U.S. government.
Although the notes have a 12-year final maturity, the principal amortizes in equal annual payments following a four-year interest-only period.
Goldman Sachs Bank Europe SE is the global coordinator and bookrunner for the offering.
Proceeds will be used to repay in full the issuer’s €250 million 4˝% guaranteed notes due 2024, to pay for various fees and expenses and for general corporate purposes.
Energo-Pro is a Prague, Czech Republic-based power generation and distribution company operating in the Czech Republic, Bulgaria, Georgia, Turkey and Armenia.
| Issuer: | Energo-Pro AS
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| Guarantor: | United States International Development Finance Corp.
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| Amount: | €300 million
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| Issue: | Senior notes
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| Maturity: | Feb. 4, 2035
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| Bookrunner: | Goldman Sachs Bank Europe SE
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| Coupon: | 4.262%
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| Pricing date: | July 20
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| Rating: | Moody’s: Aa1
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