ClientCzech Gas Networks Investments
Field of activityEnergy
- During the initial offering, IBEC bought ten-year bonds of the gas company. The total amount of the issue was EUR 500 million. The company is the largest national gas operator with a market share of 78%. The stable position of the company is supported by the cash flow from the long-term system of tariff regulation for servicing loans. International ratings of the issuer are at BBB/BBB+ (Fitch/S&P). The issuer meets the criteria its securities to be included in the “Development portfolio” of IBEC – its activities contribute to maintaining a stable social and economic infrastructure in the Czech Republic.
IBEC has added Eastern European bonds to its "Development portfolio"
International Bank for Economic Co-operation has replenished its treasury portfolio with securities from Central European issuers. The bank took part in bond issues of the Slovak Všeobecná úverová banka (VÚB) and the Czech gas distribution company Czech Gas Networks Investments. Both issuers meet the criteria allowing their securities to be included in the “Development portfolio” of IBEC – their activities contribute to maintaining a stable social and economic infrastructure in the member countries of the Bank.