CEZ is scheduled to sell EUR 300-400m in seven-year eurobonds at 65-70bps over the mid-swap rate today. Note that the issue should reduce CEZ's average financing costs (e.g. CEZ's 1999 seven-year issue of eurobonds carries coupon of 7.25%).
The issue is being managed by BNP Paribas and Merrill Lynch; S&P has assigned BBB+ long-term debt ratings to the issue (the same as CEZ's rating).
Jan Hájek, Patria Finance