1993–1994
1994
December 1994 ČEZ US$ 150 million Eurobond
Benson Oak advised ČEZ on all aspects of its 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.
1993
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.