Ciech on eurobond issue
November 6, 2012
Poland's large-cap WIG 20 index closed down by 0.09 % at 2343.90 points.
CIECH - Listed chemicals group Ciech plans to issue EUR 230 mln in 7Y eurobonds and PLN 300 mln in 5Y domestic bonds, Bloomberg agency reported citing two sources.
The means from the issue will be used to refinance existing debt.
The domestic issue is coordinated by Banco Espirito Santo de Investimento and the foreign issue - by Credit Suisse Group and Barclays, the agency has established.
Ciech is also seeking a PLN 100 mln renewable credit line, Bloomberg reported.
Issue — Ciech, 9.5% 30nov2019, EUR
Country of riskPoland
Redemption (put/call option)
М/S&P/F— / — / —
Company — Ciech
Full nameCiech SA
IndustryChemical and petrochemical industry