ČD plans bond issue worth CZK 2bn to finance new rail carriages

Oct 23, 2009
 

Prague, Oct 22 (CTK) - Czech state-run rail operator Ceske drahy (CD) is preparing a bond issue worth an expected Kc2bn to finance above all the purchase of new rail carriages, the company said Thursday. CD has already signed the contract of mandate with the CSOB bank regarding the bonds. The expected date of the issue is November this year. The issue, which is the first bond issue in CD's history, is conditioned by the approval of the Czech National Bank (CNB). The bonds maturing in 2012 are intended for domestic investors. They will not be listed or traded on any regulated market. CD will use the income from the bond issue to finance its investment programme,... [read full story]                    

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