EPIF refinances EUR 1.5 billion
1. 8. 2018
Following the successful acquisition of investment ratings from three major rating companies and issuance of EUR bonds (EUR 750m, 6 years), EPIF has decided to refinance its remaining loans in order to match bank and bond financing conditions, extend maturity and optimize interest costs. Total refinancing of EUR 1.5 billion, with maturities of tranches of 4 and 5 years, met with a great interest of banks and was significantly oversubscribed. EPIF is very satisfied with the outcome and also thanks the banks for their interest.
“I am very pleased that the EPIF group has successfully continued its strategy for optimizing its funding, i.e. optimizing conditions, costs and gradually extending maturities. This development is fully in line with our plan, which we have introduced to shareholders, bond investors, banks and credit rating agencies,” said EPIF board member Pavel Horský.