Track Record
Provided below is a brief description of the transactions which Benson Oak has concluded to this date.
October 2007 Acquisition of City Sport
Benson Oak, together with CFM Capital, the Irish Global M&A partner, advised Lifestyle Sports Limited, the leading Irish sporting goods retailer and a subsidiary of the Stafford Group, on the acquisition of Market Line, a.s., the operator of the leading Czech sporting goods retailing business under the CitySport brand name with 23 outlets as at the acquisition date. Benson Oak advised on all aspects of this successful cross-border Global M&A buy-side transaction, including sourcing the target and assisting in execution.
September 2007 Acquisition of 100% of Shares in Bochemie
Benson Oak advised on the acquisition by Benson Oak Capital of a 100% stake of Bochemie, s.r.o. Based in Bohumín, Czech Republic, Bochemie is a leading manufacturer of cleaning, disinfection and biocide products in Central Europe with consolidated sales of Kc 1.8 billion. Bochemie develops and markets innovative products for household use as well as for healthcare, agriculture and wood-processing. Bochemie?s portfolio includes SAVO, a traditional Czech brand with 80 per cent market share on the bleach disinfectants market and leader in the market of bathroom & kitchen cleaning agents. In addition to leading products in the area of wood and masonry protection. Bochemie has a strong position in the specialized global markets for metal surface treatment chemicals and materials for production of Ni-Cd batteries. Bochemie Group includes Permedia, a manufacturer of inorganic pigments based in Lublin, Poland and Herbacos-Bofarma, a Pardubice-based generic pharmaceuticals company. Benson Oak structured and negotiated the acquisition as advisor to Benson Oak Capital, in a privately negotiated deal with the shareholders. Benson Oak also advised in the process of securing acquisition debt financing for the transaction from ABN AMRO.
June 2007 Acquisition of 100% of the Shares in Plastkov
Benson Oak advised on the acquisition by Benson Oak Capital of a 100% stake in Plastkov MR, a.s. Based in Liberec, Czech Republic, Plastkov is a Tier 2 producer of automobile parts, supplying car manufacturers such as Skoda, Volkswagen and Renault. Benson Oak structured and negotiated the acquisition as advisor to Benson Oak Capital, in a privately negotiated deal.
June 2007 Acquisition of 100% of the Shares in ETA
Benson Oak advised on the acquisition by Benson Oak Capital of a 100% stake in ETA, a.s. Based in Hlinsko, Czech Republic, ETA is a designer, producer and seller of small domestic appliances, possessing one of the most well-known brands in the Czech Republic and Slovakia. ETA also produces parts for the automobile sector in conjunction with its sister company Plastkov. Benson Oak structured and negotiated the acquisition as advisor to Benson Oak Capital, in a privately negotiated deal with the same former owner of Plastkov.
October 2005 US$52 million Sale of a 65% Stake in Grisoft to Intel Capital and Enterprise Investors
Grisoft International BV, one of the top consumer-oriented anti-virus software companies world-wide, sold a 65% stake in the company to a consortium of Intel Capital and Enterprise Investors. Intel Capital is the private equity investment division of Intel. Enterprise Investors is the largest and most successful private equity firm in Central and Eastern Europe. Benson Oak assisted in all elements of the transaction, including investor identification and selection, investor interface, documentation and setting the terms and conditions of the sale.
August 2005 Sale of 100% of the Shares in Zoznam
Benson Oak advised Zoznam, s.r.o., the leading Internet portal in the Slovak Republic in the sale of the company to Slovak Telecom. Slovak Telecom, majority-owned by Deutsche Telekom, is the dominant fixed and mobile telephony provider in Slovakia.
June 2005 Sale of a Minority Stake in TV Nova to CME Central European Media
Benson Oak advised its private owners on the sale of a minority stake in CET21, the holder of the television license for TV Nova, the Czech Republic's largest TV station, to the strategic buyer CME Central European Media Enterprises.
January 2005 Acquisition of Minority Stake in Zoznam
Benson Oak advised on the acquisition by Benson Oak Capital of a 49% stake in Zoznam, s.r.o., the leading Internet portal in the Slovak Republic. Benson Oak structured and negotiated the acquisition in a privately negotiated deal with Zoznam's minority shareholder. Benson Oak also secured acquisition debt financing for the transaction, with proceeds covering 70% of the total acquisition.
August 2004 Air Navigation Services CZK 1.5 billion Bilateral Loan
This debut financing of Air Navigation Services, provided by Komerční banka, was structured as a two-tranche loan, including a term-loan and a revolving credit facility. The loan's proceeds were for the development of a new National Integrated Air Traffic Control Centre of the Czech Republic, based in Prague-Jeneč.
June 2004 Grisoft, Inc. Buy-Out Merger
Benson Oak advised on the merger between Benson Oak Capital Acquisitions, Inc. and Grisoft, Inc., one of the top ten anti-virus companies world-wide. Under the terms of the merger, Benson Oak Capital Acquisitions increased its stake in Grisoft to 100%. Benson Oak advised on all elements of the transaction, including drafting of the prospectus to minority shareholders, merger documentation and setting the terms and conditions of the merger according to U.S. law.
February 2004 Acquisition of Majority Stake in Grisoft
Benson Oak advised on the acquisition by a consortium of private investors of a 54% in Grisoft, Inc., one of the top ten anti-virus companies world-wide through its subsidiary in the United States and the dominant provider of anti-virus software in the Czech Republic. Benson Oak organized the acquisition's financing in a private placement through Benson Oak Capital.
November 2003 Czech Airport Authority (ČSL) CZK 9 billion Syndicated Guarantee
This syndicated bank guarantee facility was provided for the benefit of an EIB loan signed in April 2003. This debut international borrowing for ČSL was extremely successful, as it was oversubscribed by 30% with 14 banks participating.
July 2003 Czech Airport Authority (ČSL) CZK 1.5 billion Bridge Loan
This loan was provided to the Czech Airport Authority (ČSL) as the first milestone in the financing of the construction of a new terminal at the Prague-Ruzyně International Airport (Project EUropa). The loan served as a bridge loan pending completion of a syndicated guarantee in favor of a CZK 9 billion loan from EIB. It was provided by a bank consortium of ABN AMRO, HSBC and Bank Austria Creditanstalt, the lead arrangers of ČSL's syndicated guarantee.
July 2003 Body Basics Working Capital Facility
Provided by Česká spořitelna, this multi-currency working capital facility provided Body Basics a line of credit from for the company to finance its expansion into Central and Eastern Europe. This transaction represented an important success in Benson Oak's initiative to assist SMEs in the Czech and Slovak Republics gain access to financing sources.
April 2003 Czech Airport Authority CZK 9 billion EIB Financing
This multi-currency, 25-year financing was raised to finance construction of a new terminal at the Prague-Ruzyně International Airport (Project EUropa), expected to cost up to a total of CZK 10 billion. It was the first EIB financing denominated in Czech koruna and the first to benefit from lower EIB interest rates for Czech borrowers, ahead of EU accession.
December 2002 Management Buy-in Acquisition of Body Basics
Benson Oak advised on the management-led buy-in (MBI) of Body Basics, the leading own-label specialty body care retailer in Central Europe, with operations in four Central European countries. Benson Oak provided financial advisory services in all stages and aspects of the transaction, as well as management and supervision of legal due diligence, documentation and structuring.
July 2002 Appello Series B Equity Financing
Springboard, a venture capital fund advised by Benson Oak, led an investment round into Appello (formerly known as Check IT), a software company specializing in voice and messaging solutions. Investment proceeds were used for business development of Appello's product suite of voice and messaging applications.
January 2002 České dráhy EUR 54.3 million KfW Financing
This bilateral loan, provided by KfW, consisted of two parts. Part I, in an amount of EUR 46 million, had a 17-year maturity and was guaranteed by the Czech government; its proceeds to be used for the modernization of Railway Corridor I. Part II, in an amount of EUR 8.3 million, had a 7-year maturity and was not guaranteed; proceeds were used for building a GSM-R telecommunication system along Railway Corridor I.
September 2001 Sale of Intelek, s.r.o. to Advanced Electronic Support Products, Inc.
Benson Oak advised Intelek on the sale of all of its shares to the strategic buyer AESP. Intelek, based in the Czech Republic, builds enterprise telecommunications networks and is a manufacturer of wired and wireless network hardware. AESP, based in the US, manufactures and distributes telecommunications network connectivity products and customized solutions for equipment manufacturers worldwide.
July 2001 Středočeská energetická CZK1 billion Commercial Paper Program
This commercial paper program was committed and partly underwritten. Two dealers, Komerční banka and ČSOB, participated in the distribution and underwriting of the notes.
July 2001 Check IT Series A Equity Financing
Springboard, a venture capital fund advised by Benson Oak, provided Series A Financing to Check IT, a.s., a software company specializing in voice and messaging solutions.
June 2001 Schemantix EUR1 million First-Round Equity Financing
Benson Oak assisted Schemantix, a software company specializing in e-business connectivity solutions, to raise its first round equity financing. The GIMV Czech and Slovak SME Fund provided half of the funds raised and a number of private investors the remainder. This financing was completed at one of the most difficult times for a technology firm to raise capital.
June 2001 Sale of 90% Equity Stake in ČS Factoring
Benson Oak advised the investment and financial services firm eINVEST on the sale of its 90% stake in ČS Factoring, a company providing factoring and forfaiting services and the third largest factor, by turnover, in the Czech Republic. The stake was sold to Česká spořitelna for an undisclosed consideration.
April 2001 Purchase of Minority Stake in Grisoft
Springboard, a venture capital fund advised by Benson Oak, purchased a minority stake in Grisoft, Inc., the leading provider of anti-virus software in the Czech Republic and a significant anti-virus company world-wide.
December 2000 České dráhy EUR 160 million EIB Financing
This state-guaranteed bilateral loan from EIB was for financing the modernization of Railway Corridor II. The 20-year loan was part of a credit line granted to the company by EIB to enable it to finance current and future investments in Railway Corridor II.
December 2000 Biocel Fairness Opinion on the Value of its Stake in JIP
Benson Oak prepared an independent fairness opinion on the value of a 49.88% stake in Jihočeské papírny owned by Biocel.
December 2000 České dráhy CZK 2 billion Bilateral Loan
This 14-year bilateral loan with a state guarantee was provided by Komerční banka; its proceeds were for the modernization of Railway Corridor I.
December 2000 České dráhy CZK 2.125 billion Bilateral Loan
This 11-year bilateral loan with a state guarantee was provided by Česká spořitelna; its proceeds were for the modernization of Railway Corridor I.
October 2000 Sale of the Internet Assets of Metropole to Czech On Line
Benson Oak advised Metropole, s.r.o. the Czech Republic's first leisure and entertainment internet portal, on the sale of the company's assets to Czech On Line, a leading Czech ISP. The total consideration was undisclosed. The Metropole acquisition was Video On Line's first acquisition after the entry of its strategic partner Telekom Austria.
June 2000 Unipetrol EUR 34.3 and CZK 482.4 million Export Credit
This complex export credit financing for the construction of a polypropylene unit at Unipetrol's subsidiary Chemopetrol was partly guaranteed by Italian export credit agency SACE. The EUR and the CZK tranche were syndicated separately among commercial banks.
March 2000 Unipetrol EUR 56 million Export Credit
This complex export credit financing for the construction of a polyethylene unit at Unipetrol's subsidiary Chemopetrol was provided by KfW and guaranteed by Hermes. It included two tranches with maturities of nine and 12 years at a highly competitive interest cost.
September 1999 Unipetrol CZK 4 billion Domestic Bond Issue
This five-year bond issue, guaranteed by its subsidiary Chemopetrol, was Unipetrol's first public bond issue in the domestic market. It became its new borrowing benchmark following the company's financial reorganization.
July 1999 Paroplynový cyklus Bratislava DEM 100 million EIB Financing
This ten-year loan from the European Investment Bank carried a guarantee of the Slovak Republic and was the main loan in PPC's long-term investment project financing.
May 1999 ČEZ CZK 3 billion Domestic Bond
This five-year bond issue became ČEZ's new benchmark in the domestic market. It was the first issue to be priced in the Czech market according to Eurobond launch processes.
March 1999 Paroplynový cyklus Bratislava Strategic Advisory
Benson Oak assisted PPC Bratislava in establishing a comprehensive strategy to raise DEM 40 million from the sale of a minority stake in the company to an international strategic investor. Benson Oak assisted PPC's in preparing its financial plan and initial deal documents and in selecting potential investors. PPC later entered into negotiations with El Paso Energy under a tender run during 1999 and 2000.
March 1999 ČEZ CZK 5 billion Multi-dealer Commercial Paper Program
This structured domestic commercial paper program had a three-year maturity and was partly underwritten. It replaced the original program put in place by ČEZ in 1996 and had four dealers: Citibank, Česká spořitelna, ČSOB and ING.
January 1999 ČEZ CZK 2.5 billion Inflation-linked Private Placement
This bond issue was privately placed with one main investor. The issue had a 15-year maturity and was the first inflation-linked bond financing in the Czech Republic.
January 1999 ČEZ CZK 1.86 billion Zero-coupon Private Placement
This bond issue was privately placed with one main investor. The issue had a 10-year maturity and was the first zero-coupon bond financing in the Czech Republic.
December 1998 Slovenské elektrárne DEM 11.9 million Export Financing
This complex export credit financing for the purchase of power generation turbines and transformers was provided by ABB Export Bank and guaranteed by OeKB.
November 1998 ČEZ DEM 280 million two-tranche Syndicated Loan
This five-year loan consisted of a DEM tranche and a CZK tranche and was co-arranged by the Sumitomo Bank, Deutsche Bank and Bayerische Landesbank. This financing was among the first transactions to be attempted by a Central European corporate after the Russian financial crisis of August 1998. Despite unfavourable market conditions, the transaction was successfully completed, and oversubscribed by DEM 30 million to arrive at the final amount of DEM 280 million. This financing was picked as "emerging markets syndicated loan of the year 1998" by the publication Euroweek.
August 1998 Slovenské elektrárne CZK 1.5 billion Czech Bond
This bond issue had a maturity of five years and a floating-rate coupon. It represented the first foray by a foreign corporate into the Czech bond market for funding purposes.
August 1998 Slovenské elektrárne CZK 350 million Bilateral Term Loan
This three-year facility was provided by ČSOB and was used by Slovenské elektrárne for investments into power plant upgrades.
March 1998 Slovenské elektrárne US$ 20 million Bilateral Term Loan
This three-year facility was provided by Crédit Lyonnais and was used by Slovenské elektrárne for investments into power plant upgrades.
January 1998 Slovenské elektrárne US$ 15 million Bilateral Term Loan
This three-year facility was provided by Creditanstalt and was used by Slovenské elektrárne for investments into power plant upgrades.
February 1998 Středočeská energetická CZK 1 billion Commercial Paper Program
This domestic commercial paper program was committed and partly underwritten. Two dealers, BNP-Dresdner and Česká spořitelna, participated in the distribution and underwriting of the notes.
December 1997 Duslo DEM 90 million Syndicated Loan Facility
This dual tranche loan had a final maturity of five years and included a revolving credit facility. It was the Duslo Group's debut syndicated Euroloan transaction. Its proceeds were used to finance the construction of a new nitric acid plant and to repay existing loans.
December 1997 Globtel GSM DEM 216.5 million Syndicated Project Financing
This structured financing included two ten-year facilities denominated in DEM: (i) a term loan in the amount of DEM 184 million, 70% of which was lent by EIB backed by a guarantee from a syndicate of commercial banks and 30% of which was directly funded by the same banks on a stand-alone basis and (ii) a syndicated revolving credit facility in the amount of DEM 32.5 million.
October 1997 Slovenské elektrárne Syndicated Loan Renegotiation
The renegotiation of this US$ 150 million syndicated Euroloan achieved, among other terms, a reduction of the margin by 37.5 basis points and an extension of the final maturity from 3 to 5 years.
August 1997 Středočeská energetická CZK 800 million Debt Refinancing
This CZK 800 million long-term debt refinancing program involved refinancing short-term liabilities with lower-cost long-term debt via bilateral loans and other facilities.
July 1997 Paroplynový cyklus Bratislava DEM 170 million Syndicated Loan
This two-year syndicated bridge loan facility was priced at 25 basis points over LIBOR and had the tightest pricing achieved to date by a Slovak borrower. Slovenské elektrárne provided a guarantee in support of this transaction.
July 1997 ČEZ US$ 200 million Yankee Bond
This debut Yankee bond issue of ČEZ was the first SEC-registered bond issue in the United States from a Central or Eastern European corporate. The issue had a maturity of 10 years.
May 1997 Slovenské elektrárne Rating Advisory Assistance
Benson Oak assisted Slovenské elektrárne in obtaining its first credit ratings from international agencies. Slovenské elektrárne was the first corporate entity in Slovakia to obtain investment-grade ratings (at the sovereign ceiling) from both S&P and Moody's.
March 1997 Slovenské elektrárne ECU 70 million EIB Financing and Syndicated Guarantee
This structured financing included a long-term loan from EIB and a 5-year guarantee provided by an international syndicate of banks. It was the first such financing obtained by a Slovak corporate.
March 1997 Slovenské elektrárne ECU 70 million Syndicated Revolving Credit Facility
This five-year multi-currency revolving credit facility was obtained from an international syndicated of banks. It was raised in parallel with Slovenské elektrárne's syndicated guarantee in favour of EIB.
January 1997 ČEZ US$ 270 million US EXIMBANK Financing
This export financing facility was provided for the construction of the Temelín nuclear power plant, an essential component of ČEZ's investment program. Citibank acted as agent and arranger of the syndicated loan, guaranteed by US EXIMBANK.
January 1997 ČEZ US$ 60 million OND Financing
This export financing facility was provided for the construction of the Temelín nuclear power plant, an essential component of ČEZ's investment program. Générale bank acted as agent and arranger of the syndicated loan, guaranteed by OND.
December 1996 České dráhy ECU 200 million EIB Financing
This facility was to partially finance the modernization of the Railway Corridor II project and had a maturity of twenty years.
November 1996 Slovenské elektrárne SKK 1.5 billion Domestic Bond
This seven-year issue was the longest maturity bond in the market to date and set a new benchmark for the domestic Slovak Koruna market.
November 1996 České dráhy DEM 200 million KfW Financing
This facility was to finance the modernization of Railway Corridor II and had a maturity of twenty years.
October 1996 ČEZ US$ 200 million Syndicated Revolving Credit Facility
This transaction was a renegotiation of a US$ 100 million multi-currency revolving credit facility, with an increase to US$ 200 million and a maturity extension from two remaining years to five years. This was achieved at the same pricing as the original facility.
July 1996 Slovenské elektrárne US$ 150 million Syndicated Euroloan
This multi-currency transaction had a tenor of three years. The facility was one of the most successful bank financings in Slovakia to date; it was increased from US$ 100 million and set a new pricing benchmark for Slovak borrowers.
July 1996 ČEZ ECU 100 million Syndicated Guarantee Facility
This syndicated bank guarantee facility was provided for the benefit of an EIB loan signed in December 1995.
June 1996 Slovenské elektrárne SKK 1.5 billion Syndicated Loan
This three-year domestic revolving credit facility represented the first syndicated financing in Slovakia executed according to international standards.
May 1996 Slovenské elektrárne USD 800 million Multi-source Export Financing
This export financing was provided for the construction of the Mochovce nuclear power plant. KfW, Société Générale, Komerční banka and Česká spořítelna participated in the facility. The Czech Export Insurance Corporation (EGAP), HERMES and COFACE provided insurance cover for their respective portions of the financing.
May 1996 Slovenské elektrárne SKK 13 billion Loan Restructuring
Benson Oak advised Slovenské elektrárne in the restructuring of loans from Investíční a rozvojová banka (IRB). The existing loans were restructured to extend their maturities to up to twenty years and to lower the interest rate payable by the company.
May 1996 ČEZ CZK 6 billion Domestic Bond Financing
This financing included two concurrent domestic bond issues, of CZK 3 billion each, with maturities of 5 and 12 years.
February 1996 ČEZ CZK 3 billion Commercial Paper Program
This landmark transaction was the first Czech domestic commercial paper program based on international standards. Two dealers, ING and Česká spořitelna, participated in this three-year underwritten program.
January 1996 České dráhy CZK 4.15 billion Syndicated Loan Facility
This transaction, which included both a CZK and a DEM tranche, financed the purchase of rolling stock for Railway Corridor I. ČSOB acted as lead arranger, with Česká spořitelna, KfW and Creditanstalt participating in the syndicate.
December 1995 ČEZ CZK 1 billion Bond Private Placement
This three-year domestic bond issue was privately placed with one main investor.
December 1995 ČEZ ECU 100 million EIB Financing
This multi-currency, eighteen-year loan facility, which included a CZK option, was to finance environmental investments of ČEZ.
November 1995 Slovenské elektrárne SKK 1.5 billion Domestic Bond
This offering was the largest corporate bond issue to date in the Slovak market and had a maturity of five years. Slovenská sporitel'na was the lead manager and underwriter.
October 1995 České dráhy ECU 200 million EIB Financing
This state-guaranteed financing from EIB, for the modernization of Railway Corridor I, had a maturity of twenty years.
October 1995 České dráhy USD 53.6 million EBRD Financing
This state-guaranteed financing from EBRD, for the modernization of Railway Corridor I, had a maturity of twenty years.
October 1995 České dráhy Yen 12.03 billion JEXIM Financing
In this state-guaranteed loan for Railway Corridor I, the Export-Import Bank of Japan was the primary lender, with Sakura Bank, Fuji Bank, Long-Term Credit Bank and Industrial Bank of Japan acting as co-financing institutions. The facility had a maturity of twenty years.
October 1995 České dráhy DEM 25 million KfW Financing
This unguaranteed, twenty-year loan from KfW completed the state-guaranteed portion of the Railway Corridor I financing.
October 1995 České dráhy DEM 50 million KfW Financing
This unguaranteed loan served as a back-stop facility for the Railway Corridor I financing. Despite the absence of a state guarantee, the company was able to obtain aggressive pricing for a 12-year maturity.
July 1995 Slovenské Lodenice Strategic Debt Advisory
Benson Oak assisted the company in establishing a financing strategy, including an evaluation of the conditions under which it could access the market, an assessment of its credit standing and the amount, type, maturity and currency of debt best suited to its financing needs.
June 1995 ČEZ US$ 100 million Syndicated Revolving Credit Facility
This facility, priced at LIBOR + 0.25%, was a new pricing benchmark for Central European borrowers. Initially planned for US$ 75 million, the transaction was oversubscribed by 80% despite the aggressive pricing and subsequently increased to US$ 100 million. With 14 international banks participating in the syndicate including J.P. Morgan, Citibank, Commerzbank, BNP and ING, this facility had the strongest syndicate of any bank transaction in the region to date.
June 1995 ČEZ CZK 4 billion Domestic Bond
This bond issue established a new benchmark in the Czech Republic in terms of maturity, with a tenor of 10 years.
May 1995 City of Plzeň CZK 500 million Domestic Bond
This was the bond debut of the City of Plzeň and it consisted of two tranches of different maturities, of CZK 300 million and CZK 200 million respectively.
March 1995 City of Plzeň CZK 300 million Commercial Paper Program
This facility, provided by Česká spořitelna, served as a bridge financing to the City of Plzeň's bond issue.
December 1994 ČEZ US$ 150 million Eurobond
Benson Oak advised ČEZ on all aspects of this 5-year Eurobond issue of US$ 150 million; the first Eurobond to be launched by a Central or Eastern European corporate. This included the selection of the lead manager, assistance in obtaining a rating, negotiation of terms and conditions, transaction structuring, timing and syndicate selection. J.P. Morgan acted as the lead manager.
October 1994 ČEZ ATS 160 million Bilateral Term Loan
This facility, provided by the Austrian bank Girocredit, was used to upgrade boilers at the Hodonín power plant with fluidized bed technology.
October 1994 ČEZ ATS 120 million Bilateral Term Loan
This facility, provided by the Austrian bank Die Erste, was used to modernize the Ledvice power plant.
September 1994 ČEZ US$ 30 million Bridge Loan
This facility, provided by ING, served as a bridge financing to ČEZ's Eurobond issue.
September 1994 ČEZ NLG 60 million Bilateral Term Loan
This facility, provided by ING, was used to finance the construction of flue gas desulphurization facilities at the Počerady power plant.
September 1994 ČEZ ATS 270 million Bilateral Term Loan
This facility, provided by Bank Austria, was used to finance the construction of flue gas desulphurization facilities at the Počerady power plant.
September 1994 ČEZ US$ 40 million Bridge Loan
This facility, provided by Citibank, served as a bridge financing to ČEZ's Eurobond issue.
July 1994 SPT Telecom CZK 1 billion Domestic Bond
Benson Oak acted as adviser to Komerční banka in the first domestic bond transaction for SPT Telecom.
January 1994 ČEZ CZK 4 billion Domestic Bond
This second bond offering of ČEZ was the first bond issued in the Czech Republic with a seven-year maturity.
June 1993 ČEZ CZK 2.1 billion Domestic Bond
This issue represented the first true corporate bond offering in the Czech Republic. At CZK 2.1 billion and with a maturity of five years, this issue had both the largest principal amount and the longest maturity achieved at the date of issue, and it established new standards in terms of documentation, distribution and liquidity. Česká spořitelna acted as lead arranger and Bankers Trust as international placement agent.