CPI to Sell Corporate, Project Bonds in First Half of 2012
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Czech Property Investments AS will sell corporate and project bonds in the first half of next year, and will apply for a credit rating by year-end.
The bonds will be sold to retail and institutional investors. The sale is part of an overall bond-sale plan valued at 250 million euros ($340 million) to 300 million euros, Chief Executive Officer Zdenek Havelka said at a press conference in Prague today. The first tranche of three to five-year bonds may be issued in May, after CPI’s full-year results, the CEO said.