Czech Gas Networks to sell euro-denominated eight-year green notes

By Rebecca Melvin

New York, Aug. 27 – Czech Gas Networks Investments Sarl, the parent of Czech Grid Holding as, plans to price a benchmark-sized offering of euro-denominated green notes with a maturity of eight years (expected rating: //BBB+), according to a market source.

ING is green structurer of the Regulation S deal, which is the company’s inaugural green bond. ING is also a joint bookrunner together with Citigroup, Societe Generale and UniCredit.

A global investor call is being held on Friday, and will kick off a series of fixed-income investor calls, with the senior secured bond expected to follow, subject to market conditions.

The issuer is a natural gas distributor in the Czech Republic.

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