České dráhy’s €500 Million Eurobond Offering


White & Case LLP has advised České dráhy, a.s. (Czech Railways), the Czech national railway transport operator, on its issuance of €500 million 1.5% notes due 2026 and their admission to trading on the Luxembourg Stock Exchange

Citigroup and Erste Group Bank AG acted as Joint Global Coordinators and Bookrunners, and ING acted as Joint Bookrunner.

The proceeds of the bond issue will be used to repay Ceské dráhy’s €300 million 4.125% notes due 2019, to finance capital expenditures and for general corporate purposes. The issuance attracted strong investor demand, exceeding the planned issue multiple times.

The White & Case team that advised on the transaction was led by local partner Petr Hudec (Picture) and partner Stuart Matty (London), with support from associates Jan Vacula (Prague) and Jessica Oliver (London).

Involved fees earner: Petr Hudec – White & Case; Stuart Matty – White & Case; Jessica Oliver – White & Case; Jan Vacula – White & Case;

Law Firms: White & Case;

Clients: České dráhy a.s.;