December 1998 Slovenské elektrárne DEM 11.9 million Export Financing
This complex export credit financing for the purchase of power generation turbines and transformers was provided by ABB Export Bank and guaranteed by OeKB.
November 1998 ČEZ DEM 280 million two-tranche Syndicated Loan
This five-year loan consisted of a DEM tranche and a CZK tranche and was co-arranged by the Sumitomo Bank, Deutsche Bank and Bayerische Landesbank. This financing was among the first transactions to be attempted by a Central European corporate after the Russian financial crisis of August 1998. Despite unfavourable market conditions, the transaction was successfully completed, and oversubscribed by DEM 30 million to arrive at the final amount of DEM 280 million. This financing was picked as „emerging markets syndicated loan of the year 1998″ by the publication Euroweek.
August 1998 Slovenské elektrárne CZK 1.5 billion Czech Bond
This bond issue had a maturity of five years and a floating-rate coupon. It represented the first foray by a foreign corporate into the Czech bond market for funding purposes.
August 1998 Slovenské elektrárne CZK 350 million Bilateral Term Loan
This three-year facility was provided by ČSOB and was used by Slovenské elektrárne for investments into power plant upgrades.
March 1998 Slovenské elektrárne US$ 20 million Bilateral Term Loan
This three-year facility was provided by Crédit Lyonnais and was used by Slovenské elektrárne for investments into power plant upgrades.
January 1998 Slovenské elektrárne US$ 15 million Bilateral Term Loan
This three-year facility was provided by Creditanstalt and was used by Slovenské elektrárne for investments into power plant upgrades.
February 1998 Středočeská energetická CZK 1 billion Commercial Paper Program
This domestic commercial paper program was committed and partly underwritten. Two dealers, BNP-Dresdner and Česká spořitelna, participated in the distribution and underwriting of the notes.
December 1997 Duslo DEM 90 million Syndicated Loan Facility
This dual tranche loan had a final maturity of five years and included a revolving credit facility. It was the Duslo Group’s debut syndicated Euroloan transaction. Its proceeds were used to finance the construction of a new nitric acid plant and to repay existing loans.
December 1997 Globtel GSM DEM 216.5 million Syndicated Project Financing
This structured financing included two ten-year facilities denominated in DEM: (i) a term loan in the amount of DEM 184 million, 70% of which was lent by EIB backed by a guarantee from a syndicate of commercial banks and 30% of which was directly funded by the same banks on a stand-alone basis and (ii) a syndicated revolving credit facility in the amount of DEM 32.5 million.
October 1997 Slovenské elektrárne Syndicated Loan Renegotiation
The renegotiation of this US$ 150 million syndicated Euroloan achieved, among other terms, a reduction of the margin by 37.5 basis points and an extension of the final maturity from 3 to 5 years.
August 1997 Středočeská energetická CZK 800 million Debt Refinancing
This CZK 800 million long-term debt refinancing program involved refinancing short-term liabilities with lower-cost long-term debt via bilateral loans and other facilities.
July 1997 Paroplynový cyklus Bratislava DEM 170 million Syndicated Loan
This two-year syndicated bridge loan facility was priced at 25 basis points over LIBOR and had the tightest pricing achieved to date by a Slovak borrower. Slovenské elektrárne provided a guarantee in support of this transaction.
July 1997 ČEZ US$ 200 million Yankee Bond
This debut Yankee bond issue of ČEZ was the first SEC-registered bond issue in the United States from a Central or Eastern European corporate. The issue had a maturity of 10 years.
May 1997 Slovenské elektrárne Rating Advisory Assistance
Benson Oak assisted Slovenské elektrárne in obtaining its first credit ratings from international agencies. Slovenské elektrárne was the first corporate entity in Slovakia to obtain investment-grade ratings (at the sovereign ceiling) from both S&P and Moody’s.
March 1997 Slovenské elektrárne ECU 70 million EIB Financing and Syndicated Guarantee
This structured financing included a long-term loan from EIB and a 5-year guarantee provided by an international syndicate of banks. It was the first such financing obtained by a Slovak corporate.
March 1997 Slovenské elektrárne ECU 70 million Syndicated Revolving Credit Facility
This five-year multi-currency revolving credit facility was obtained from an international syndicated of banks. It was raised in parallel with Slovenské elektrárne’s syndicated guarantee in favour of EIB.
January 1997 ČEZ US$ 270 million US EXIMBANK Financing
This export financing facility was provided for the construction of the Temelín nuclear power plant, an essential component of ČEZ’s investment program. Citibank acted as agent and arranger of the syndicated loan, guaranteed by US EXIMBANK.
January 1997 ČEZ US$ 60 million OND Financing
This export financing facility was provided for the construction of the Temelín nuclear power plant, an essential component of ČEZ’s investment program. Générale bank acted as agent and arranger of the syndicated loan, guaranteed by OND.