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White & Case Advises Czech Railways on EUR 500 Million Eurobond Issue

White & Case Advises Czech Railways on EUR 500 Million Eurobond Issue

Czech Republic
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White & Case has advised Ceske Drahy, a.s., the Czech national railway transport operator, on its issuance of EUR 500 million 1.5% notes due 2026 and their admission to trading on the Luxembourg Stock Exchange. Clifford Chance reportedly advised joint global coordinators and bookrunners Citigroup and Erste Group Bank AG and joint bookrunner ING.

According to White & Case, "the proceeds of the bond issue will be used to repay Ceske Drahy’s EUR 300 million 4.125% notes due 2019, to finance capital expenditures, and for general corporate purposes." The firm reports that "the issuance attracted strong investor demand, exceeding the planned issue multiple times."

White & Case reports that it has advised Ceske Drahy on all its previous securities issuances, including all its Eurobond issues. 

The White & Case team that advised on this transaction was led by Local Partner Petr Hudec in Prague and London-based Partner Stuart Matty, with support from Prague-based Associate Jan Vacula and London-based Associate Jessica Oliver.

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JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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