Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 04-09-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Net4Gas Reg S Issuance of CZK Bonds due 2021 | Industry: | Gas, Water & Multiutilities |
| Description: |
Linklaters advised Net4Gas, the Czech gas transmission system operator, on a three tranche bond in EUR and CZK amounting to EUR710m. The CZK 7bn Reg S issue is one of the largest CZK denominated bond issuance.
The bond issuance is part of a EUR1bn refinancing of acquisition debt used by Allianz and Borealis to purchase Net4Gas from RWE in August 2013.
The issue maturing in January 2021 was successfully priced at a spread of mid-swaps plus 150 bps, and will carry a coupon of 2.25% p.a. The total order book exceeded CZK 8.8bn.
The Linklaters team included Infrastructure partner Ian Andrews and managing associate Ilia Ditiatev and Capital Markets partner Mark Nuttall and managing associate Alexander Shopov.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Linklaters |
| Issuer Jurisdiction | Czech Republic | Listing Jurisdiction | Czech Republic |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Ian Andrews |
