22/06/2021 Czechoslovak Group places CZK 2bn worth of bonds

PPF banka was the co-manager of the bond offering.

This is the third issue of CSG bonds. The two earlier ones, worth two billion Czech crowns each, took place in 2016 and 2019. “We have confidence in the Czech and global economies. We are going to the financial market to raise funds that will support further investments, specifically by way of a bond issue,” the company noted in its release.

The CZK 10k bonds maturing in 2026 carry a floating-rate coupon of 6M PRIBOR + 3.25% p.a. An offer to swap the current ISIN CZ0003515405 bonds maturing on 16 December 2021 for new bonds was part of this latest issue.

Česká spořitelna coordinated the bond offering. Besides Česká spořitelna, the main co-managers of the issue were Komerční banka, PPF banka, and UniCredit Bank Czech Republic and Slovakia. 

Czechoslovak Group companies operate in the automotive, railway, aviation, and watch-making industries. Apart from the Land Systems division, which focuses on the manufacturing of defence solutions and trading in land vehicles and ammunition, its Aerospace division, which engages in the manufacturing of radars in ELDIS Pardubice, in the servicing of civil aircraft and aviation training, is also growing steeply.

For more information, see CSG’s documents:

About Czechoslovak Group

CSG is a holding company covering the Group’s defence and civil industry activities. Subsidiaries with a strong exports potential mostly operate in the Czech and Slovak Republics. The issuer is active in industries ranging from engineering, aviation industry services, defence solutions, to watchmaking and healthcare.