Křetinský’s EPH planning massive koruna bond

Křetinský’s EPH planning massive koruna bond

Published at: 2020-02-13 10:08 | Author: CIJEurope.com
A consortium of Czech banks is preparing a massive bond offering for EPH, an investment vehicle owned by the business mogul Daniel Křetinský. The company intends to sell between CZK 5bn and CZK 7.5bn in five-year notes. The transaction is being organized by J&T Banka, Česká spořitelna, Komerční banka and UniCredit Bank. At a time when savings accounts are yielding a maximum of 1.6 percent, this security will be offering a 4.5 percent yield, paid out in six-month intervals. They'll be sold at CZK 10,000 each. EPH intends to use the funds raised by the bond for continued expansion in the European energy sector. Křetinský is the same investor who has been buying up shares in the German retail giant Metro.

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