December 1996 České dráhy ECU 200 million EIB Financing
This facility was to partially finance the modernization of the Railway Corridor II project and had a maturity of twenty years.
November 1996 Slovenské elektrárne SKK 1.5 billion Domestic Bond
This seven-year issue was the longest maturity bond in the market to date and set a new benchmark for the domestic Slovak Koruna market.
November 1996 České dráhy DEM 200 million KfW Financing
This facility was to finance the modernization of Railway Corridor II and had a maturity of twenty years.
October 1996 ČEZ US$ 200 million Syndicated Revolving Credit Facility
This transaction was a renegotiation of a US$ 100 million multi-currency revolving credit facility, with an increase to US$ 200 million and a maturity extension from two remaining years to five years. This was achieved at the same pricing as the original facility.
July 1996 Slovenské elektrárne US$ 150 million Syndicated Euroloan
This multi-currency transaction had a tenor of three years. The facility was one of the most successful bank financings in Slovakia to date; it was increased from US$ 100 million and set a new pricing benchmark for Slovak borrowers.
July 1996 ČEZ ECU 100 million Syndicated Guarantee Facility
This syndicated bank guarantee facility was provided for the benefit of an EIB loan signed in December 1995.
June 1996 Slovenské elektrárne SKK 1.5 billion Syndicated Loan
This three-year domestic revolving credit facility represented the first syndicated financing in Slovakia executed according to international standards.
May 1996 Slovenské elektrárne USD 800 million Multi-source Export Financing
This export financing was provided for the construction of the Mochovce nuclear power plant. KfW, Société Générale, Komerční banka and Česká spořítelna participated in the facility. The Czech Export Insurance Corporation (EGAP), HERMES and COFACE provided insurance cover for their respective portions of the financing.
May 1996 Slovenské elektrárne SKK 13 billion Loan Restructuring
Benson Oak advised Slovenské elektrárne in the restructuring of loans from Investíční a rozvojová banka (IRB). The existing loans were restructured to extend their maturities to up to twenty years and to lower the interest rate payable by the company.
May 1996 ČEZ CZK 6 billion Domestic Bond Financing
This financing included two concurrent domestic bond issues, of CZK 3 billion each, with maturities of 5 and 12 years.
February 1996 ČEZ CZK 3 billion Commercial Paper Program
This landmark transaction was the first Czech domestic commercial paper program based on international standards. Two dealers, ING and Česká spořitelna, participated in this three-year underwritten program.
January 1996 České dráhy CZK 4.15 billion Syndicated Loan Facility
This transaction, which included both a CZK and a DEM tranche, financed the purchase of rolling stock for Railway Corridor I. ČSOB acted as lead arranger, with Česká spořitelna, KfW and Creditanstalt participating in the syndicate.
December 1995 ČEZ CZK 1 billion Bond Private Placement
This three-year domestic bond issue was privately placed with one main investor.
December 1995 ČEZ ECU 100 million EIB Financing
This multi-currency, eighteen-year loan facility, which included a CZK option, was to finance environmental investments of ČEZ.
November 1995 Slovenské elektrárne SKK 1.5 billion Domestic Bond
This offering was the largest corporate bond issue to date in the Slovak market and had a maturity of five years. Slovenská sporitel’na was the lead manager and underwriter.
October 1995 České dráhy ECU 200 million EIB Financing
This state-guaranteed financing from EIB, for the modernization of Railway Corridor I, had a maturity of twenty years.
October 1995 České dráhy USD 53.6 million EBRD Financing
This state-guaranteed financing from EBRD, for the modernization of Railway Corridor I, had a maturity of twenty years.
October 1995 České dráhy Yen 12.03 billion JEXIM Financing
In this state-guaranteed loan for Railway Corridor I, the Export-Import Bank of Japan was the primary lender, with Sakura Bank, Fuji Bank, Long-Term Credit Bank and Industrial Bank of Japan acting as co-financing institutions. The facility had a maturity of twenty years.
October 1995 České dráhy DEM 25 million KfW Financing
This unguaranteed, twenty-year loan from KfW completed the state-guaranteed portion of the Railway Corridor I financing.
October 1995 České dráhy DEM 50 million KfW Financing
This unguaranteed loan served as a back-stop facility for the Railway Corridor I financing. Despite the absence of a state guarantee, the company was able to obtain aggressive pricing for a 12-year maturity.
July 1995 Slovenské Lodenice Strategic Debt Advisory
Benson Oak assisted the company in establishing a financing strategy, including an evaluation of the conditions under which it could access the market, an assessment of its credit standing and the amount, type, maturity and currency of debt best suited to its financing needs.
June 1995 ČEZ US$ 100 million Syndicated Revolving Credit Facility
This facility, priced at LIBOR + 0.25%, was a new pricing benchmark for Central European borrowers. Initially planned for US$ 75 million, the transaction was oversubscribed by 80% despite the aggressive pricing and subsequently increased to US$ 100 million. With 14 international banks participating in the syndicate including J.P. Morgan, Citibank, Commerzbank, BNP and ING, this facility had the strongest syndicate of any bank transaction in the region to date.
June 1995 ČEZ CZK 4 billion Domestic Bond
This bond issue established a new benchmark in the Czech Republic in terms of maturity, with a tenor of 10 years.
May 1995 City of Plzeň CZK 500 million Domestic Bond
This was the bond debut of the City of Plzeň and it consisted of two tranches of different maturities, of CZK 300 million and CZK 200 million respectively.
March 1995 City of Plzeň CZK 300 million Commercial Paper Program
This facility, provided by Česká spořitelna, served as a bridge financing to the City of Plzeň’s bond issue.