EG: CEZ Plans Two-Part 10-Year, 30-Year Dollar Benchmark Bond Issue
LONDON -(Dow Jones)- Czech power company CEZ AS (CZAVY) is planning a benchmark-size, dollar-denominated, two-part bond, one of the banks running the deal said Tuesday.
Initial guidance on the 10-year tranche is in the area of 215 basis points over the reference U.S. Treasury, while the 30-year tranche is in the area of 240 basis points.
Barclays PLC, Citigroup Inc., Goldman Sachs Group Inc. and Societe Generale SA are the lead managers of the sale.
The issuer is rated A2 by Moody's Investors Service Inc. and A- by Standard & Poor's Corp.
-By Ben Edwards, Dow Jones Newswires; 44-20-7842-9287; ben.edwards@dowjones.com (Alessandro Pasetti in London contributed to this article.)
