PRAGUE, July 17 (Reuters) - Czech gas pipeline operator NET4GAS has issued a 2.64 billion crown ($119.43 million) bond due in 2025 in a deal to refinance outstanding debt, the company said on Tuesday.
It said investors in the paper swapped out of a 2021 bond via the exchange and tender offer managed by Ceska Sporitelna, the Czech unit of Austria’s Erste Group Bank .
The new bond has a fixed coupon of 2.75 percent and was priced 75 basis points above mid-swaps.
The outstanding amount of the 2.25 percent 2021 bond dropped to 4.35 billion crowns. ($1 = 22.1050 Czech crowns) (Reporting by Jan Lopatka Editing by Jason Hovet)