Allen & Overy has advised Česká spořitelna as sole arranger and coordinator and joint lead manager, and Komerční banka and Československá obchodní banka as joint lead managers, on two domestic issuances of Czech Koruna-denominated (CZK) bonds by NET4GAS, the Czech gas transmission operator, in a total volume of nearly CZK 11 billion (i.e., equivalent to around EUR 425 million).
NET4GAS has issued floating-rate bonds with a maturity of seven years and fixed-rate bonds with a maturity of ten years. The ten-year issuance represents the longest tenor achieved on the Czech Koruna (CZK) debt capital market in the last decade.
The A&O team on this transaction was led by partner Petr Vybíral, with support from associate Tomáš Kirner and lawyer David Mikyska.