Working with J&T Banka, Energetick\u00fd a pr\u016fmyslov\u00fd holding (EPH) is issuing three-year bonds with a nominal value totalling EUR 75 million. The bonds, each with a nominal value of EUR 1,000 and all maturing in June 2018, will yield 4.2% p.a. payable on a half-yearly basis. As of today, J&T Banka\u2019s offices in Bratislava and Prague accept instructions for the purchase of the bonds, with an issue date of 29 June 2015.<\/p>\n
\u201cOur new bond issue is primarily intended for euro private investors, to whom we thereby give an opportunity to share in the dynamic growth of a leading energy company\u201d, says Daniel Drahotsk\u00fd, Director of the Financial Markets Division at J&T Banka. The Group, managed by Daniel K\u0159et\u00ednsk\u00fd, includes more than 40 major companies enjoying a leading or important position in the Central European heat supply, electricity generation and distribution, and natural gas transmission, storage and distribution markets. \u201cEPH has a remarkable ability to convert sales into cash and is capable of honouring its obligations at a fast pace\u201d, says Pavel Horsk\u00fd, EPH\u2019s Chief Financial Officer.<\/p>\n
The bonds are being issued through a Slovak subsidiary, EPH Financing SK, for the obligations of which the parent group provides a 100% guarantee. The EPH Group companies are already well-established issuers on euro bond markets, and their securities, which receive ratings, have been part of international investors\u2019 portfolios for several years.<\/p>\n
J&T Banka is the manager and administrator of the issue while J&T IB and Capital Markets is the arranger. The new bonds will be listed at the Bratislava Stock Exchange.<\/p>\n