IBEC participated in the financing and Eurobond placement of Czech EP Infrastructure, a.s.
The International Bank for Economic Co-operation (IBEC) invested in a primary €750 million Eurobond issue by Czech Energy Company EP Infrastructure a.s. The issue was well received by institutional investors with oversubscription in access of 1.7 times.
IBEC’s investment in the above Eurobonds are to be considered as part of the IBEC “development portfolio” as far as the financing is in line with the Bank’s mission to facilitate economic development and cooperation of member countries. Raised financing will support further investments in the development of energy sector in Czech Republic and Slovakia and infrastructure integration of CEE countries.
EP Infrastructure, a.s. (“EPIF”) is a leading energy holding in the utility infrastructure sector in Central and East Europe, comprised of companies focused on gas transmission and storage, gas and power distribution, heat and power generation. EPIF offers services in IBEC member countries such as Czech Republic and Slovakia and controls Eustream gas transmission pipeline, the largest gas corridor for deliveries of Russian gas to Western, Central and Southern Europe.