A&O Shearman has advised joint lead managers Ceska Sporitelna, Komercni Banka, and UniCredit Bank Czech Republic and Slovakia on Ceske Drahy's issuance of senior unsecured notes. White & Case advised Ceske Drahy.
Ceske Drahy is the largest Czech railway operator. The company is a successor of the Czechoslovak State Railways and was established in its current form in 2003.
According to A&O Shearman, the notes will be issued in the total nominal amount of more than CZK 8 billion with a fixed interest rate of 5.5% per annum with a maturity of 5 years. "The offering was significantly oversubscribed whilst the total volume of orders from investors amounted to almost CZK 14 billion."
In 2021, A&O Shearman advised on Raiffeisenbank’s loan to Ceske Drahy (as reported by CEE Legal Matters on May 4, 2021).
The A&O Shearman team included Partner Petr Vybiral, Senior Associate Tomas Kafka, and Junior Lawyer Jan Tocik.
The White & Case team included Partner Petr Hudec, Associate Jan Vacula, and Legal Intern Josef Levy.
