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)
Keywords: CZECH REPUBLIC/BOND