CEZ - Slovenske Elektrarne agreed on EUR 500m debt restructuring

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Investiční bankovnictví KB

      CFO of SE Milos Sujansky said that the company agreed with consortium of ten banks to restructure its debt worth EUR 500m. This debt should be refinanced with three-year EUR 300m syndicated loan and seven-year EUR 200m bond issue. In second phase, SE should refinance debt worth EUR 800m. In this case, there are speculations about government bailout. However, the company’s CFO did not confirm the speculations.

       Higher leverage is one of problems that trouble the privatization of SE. Restructuring of debt should improve the investors’ willingness to offer higher price for government’s stake in SE for the possibility to focus of operations and consolidation of the company.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.