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CEZ Prepares the Drawing of the Second Tranche of EIB Loan

17. 2. 2000

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CEZ Prepares the Drawing of the Second Tranche of EIB Loan

The power-generation company CEZ, a.s. has appointed The Sumitomo Bank, Limited, Japan as the arranger of the syndicated security amounting to EURO 85 million in favor of the European Investment Bank (EIB). The security to be given for five years is a prerequisite for drawing the second tranche of the loan granted by EIB, amounting to EURO 85 million.

 

The power-generation company CEZ, a.s. has appointed The Sumitomo Bank, Limited, Japan as the arranger of the syndicated security amounting to EURO 85 million in favor of the European Investment Bank (EIB). The security to be given for five years is a prerequisite for drawing the second tranche of the loan granted by EIB, amounting to EURO 85 million.

CEZ, a.s. had executed with EIB the loan agreement in 1995. The loan which is mature and due in 18 years consists of two tranches. The first tranche amounting to EURO 100 million has already been drawn up. The guaranty for the first tranche was also arranged by The Sumitomo Bank, Limited.

 

Petr SpilkaDukovany, NPP Press Spokesman