Czech Republic’s Ceske Drahy schedules calls for inaugural green bonds

Chicago, Sept. 20 – Ceske Drahy, as (Baa2) has issued a mandate for joint global coordinators Erste Group, ING and UniCredit with joint bookrunner Societe Generale to arrange investor calls for an inaugural green bond, expected to be benchmark size.

Societe Generale is coordinating the roadshow logistics. A series of calls were scheduled for Tuesday.

The euro-denominated bonds will have a five-year tenor.

Distribution will be via Regulation S.

The second-party option for the company’s green bond framework has been provided by Moody’s ESG Solutions.

Erste Group and ING are the joint green structuring advisers.

The Prague-based railway operator had planned a €500 million offer of senior notes in the late spring. However, the company decided to wait to issue notes.

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