Global law firm White & Case LLP has advised České dráhy, the major railway operator in the Czech Republic, on the issuance of CZK 8 billion senior unsecured notes with a coupon of 5.50% per annum and a maturity of five years.
"We are thrilled to have advised České dráhy on yet another significant and very successful note issuance," said White & Case partner Petr Hudec, who led the Firm's deal team. "The oversubscription of this offering underscores the strong investor confidence in České dráhy's strategic vision and financial stability."
The offering was significantly oversubscribed, with the total volume of investor orders reaching nearly CZK 14 billion, which substantially exceeded the intended volume and represents the strongest demand for an individual issue of corporate notes in the history of the domestic market.
The proceeds will be used by České dráhy to finance the purchase of new trains. The notes have been admitted to trading on the Regulated Market of the Prague Stock Exchange. Česká spořitelna, Komerční banka, and UniCredit Bank acted as joint lead managers.
"This successful issuance will enable us to significantly advance our modernization plans and enhance our service offering to passengers. We are grateful for the strong support from investors and the excellent legal representation by the White & Case team on this key transaction," said Lukáš Svoboda, member of the board of České dráhy.
The White & Case team in Prague which advised on the transaction included partner Petr Hudec, counsel Petr Šmerkl and associate Jan Vacula.
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