Cesky Telecom plans to increase by CZK 1 bil. a 4.55% bond issue due in 2005 (the total issue would thus amount to CZK 4 bil.). The company also plans to issue a 5-year bond at CZK 6 bil. (with an option to increase that to CZK 9 bil. in the course of 24 months). Both of the issues are intended to refinance a DEM 750 mil. eurobond, which is due this month. Neutral.
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