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Czech Republic prices EUR750m tap of May 2022 issue

By Helene Durand

LONDON, Oct 1 (IFR) - The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska (Erste), SG CIB and UniCredit.

The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116bp, from an initial price range of mid swaps plus 120bp-125bp. This equates to 153bp over the 2% 2022 German Bund.

The reoffer price is 108.333, which gives a yield of 2.871%. The issue size now totals EUR2.75bn.

(Reporting by Helene Durand; editing by Alex Chambers)

((helene.durand@thomsonreuters.com)(+44 207 542 3469)(Reuters Messaging: helene.durand.reuters.com@reuters.net))

Keywords: CZECH REPUBLIC/BOND