The Czech Power Company selected co-lead managers for the upcoming domestic bond issue

Based on a previous decision of the CEZ Board of Directors, they will be short term to medium term bonds of anticipated total volume of CZK 7 milliard with a possible increase in the issue volume up to CZK 10 milliard. This issue should take advantage of current favourable conditions in the domestic market, to which it is primarily intended.

The upcoming bond issue is linked to the process underway of repurchasing of CEZ own shares, approved by the general meeting up to 10 % of the nominal value of the registered capital, motivated by the effort to improve the capital structure of the Company by increasing its indebtness. So far the Company employed its internal financial resources. However, with the successful process of repurchasing own shares, in which CEZ has already purchased over 2% of own shares, it is necessary to involve in the process also external sources of finance.

Ladislav Kriz, Press officer CEZ

2007. 7. 4.

The Czech Power Company selected co-lead managers for the upcoming domestic bond issue