CEZ Plans EUR500 Million 10-Year Bond Issue

23rd Jun 2010 09:03

LONDON (Dow Jones)--Czech electricity company CEZ AS (BAACEZ.PR) is planning to launch a EUR500 million, 10-year bond via lead managers Citigroup Inc., Credit Agricole SA, Deutsche Bank AG, Erste Bank Group AG and the Royal Bank of Scotland, one of the banks said Wednesday. The size of the bond won't be increased and the deal is expected to price later Wednesday, subject to market conditions. CEZ is rated A2 by Moody's Investors Service Inc. and A- by both Standard and Poor's Corp. and Fitch Ratings. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 23, 2010 04:03 ET (08:03 GMT)