Czechoslovak Group AS (CZGRPA) approx EUR1.86bn equivalent (US$/EUR) 144A/Reg S sr sec notes 2-part. Ba1/BB+/BBB- (stable/stable/stable). Via BNP (EUR B&D)/JPM (USD B&D)/MS jt glocos and physical books. No reg rights. List Dublin. NY law. Settles 07/10 (T+10 Europe, T+9 US).
- US$1bn (from US$750m-1bn, US$750m (approx EUR646m equivalent) expected and $500m minimum) due 01/10/31 (5.5y). NC2 (07/10/27) (MWC T+50bp), then at 103.25, 101.625, 100. CoC at 101.144A ISIN: XS3105190147. Denoms: 200x1. Price talk: 7.00%-7.25%. Final price: 6.75% area. Final terms: US$1bn at 6.50%. Priced: 6.50% at 100. +265bp vs 4% 05/31/31.
- EUR1bn (from EUR750m-1bn, EUR500m expected and EUR350m minimum) due 01/10/31 (5.5y). NC2 (07/10/27) (MWC B+50bp), then at 102.8625, 101.3125, 100. CoC at 101. Denoms: 100x1. Reg S ISIN: XS3105190576. Price talk: 5.75%-6.00%. Final price: 5.50% area. Final terms: EUR1bn at 5.25%. Priced: 5.25% at 100. +310.8bp vs OBL 2.40% 04/18/30.
Roadshow (small group meetings/1-on-1s) 06/23-24. Books closed at 3pm UKT 06/25. Final books: EUR in excess of EUR4.5bn (excluding JLM interest); US$ in excess of U$3.4bn (excluding JLM interest). UOP: repay its USD775m FRN due 12/02/30 (MWC T+50bp), EUR29m cash on the B/S (Upsize to repay existing term loans). Biz: leading industrial technology group operating mainly in defense, security and aerospace segments. HQ: Prague, Czechia.
Deal Roadshow direct link: Direct Link: https://dealroadshow.com/e/CSG25. Entry code: CSG25.