PPF CO2 B.V. announces placement of its 8 billion Zero Coupon Notes
10/23/2007
PPF Co2 B.V., a 100% subsidiary of PPF Group N.V., incorporated under the laws of the , is pleased to announce the placement of CZK 8 billion local Note Issue. The Zero Coupon Notes are fully secured by PPF Group N.V. guarantee and will be issued on 31 October 2007. The Issue Price is 90.61%, ISIN CZ0000000229. The Notes, which have a nominal value of CZK 2,000,000 each, have final maturity 18 months after the Issue Date with an early termination option.
“The proceeds of the issue will be used for distribution to other group companies. We strongly believe, the transaction will further enhance our ability to fund efficiently continuing growth of PPF Group companies. Proceeds from the issue will be used partly to finalize the restructuring of the consumer finance arm and also to finance further growth”, says Mr Ales Minx, the Director of PPF Co2 B.V. and Chairman of the Board of PPF Group N.V.
We believe the strong book for PPF Co 2 Notes confirms appetite of the Czech investors for PPF Group credit following the announcement of the transaction concluded between Generali and PPF Group”, comments Mr Petr Milev, Chief Executive Officer of PPF banka a.s.
PPF banka a.s. acted as the Sole Lead Manager and Bookrunner on the transaction.
The Issue was oversubscribed and attracted the interest of institutional investors primarily from the Czech Republic . The Issuer applied for admission of the Notes to trading on the Official Free Market of the Prague Stock Exchange as of the Issue Date.
Once the Prospectus in connection with the Issue is approved by the Czech National Bank, it will be available in line with applicable legal requirements, on the Issuer’s WebPages www.ppfco2.nl, on 31 October 2007 at the latest.
“The proceeds of the issue will be used for distribution to other group companies. We strongly believe, the transaction will further enhance our ability to fund efficiently continuing growth of PPF Group companies. Proceeds from the issue will be used partly to finalize the restructuring of the consumer finance arm and also to finance further growth”, says Mr Ales Minx, the Director of PPF Co2 B.V. and Chairman of the Board of PPF Group N.V.
We believe the strong book for PPF Co 2 Notes confirms appetite of the Czech investors for PPF Group credit following the announcement of the transaction concluded between Generali and PPF Group”, comments Mr Petr Milev, Chief Executive Officer of PPF banka a.s.
PPF banka a.s. acted as the Sole Lead Manager and Bookrunner on the transaction.
The Issue was oversubscribed and attracted the interest of institutional investors primarily from the Czech Republic . The Issuer applied for admission of the Notes to trading on the Official Free Market of the Prague Stock Exchange as of the Issue Date.
Once the Prospectus in connection with the Issue is approved by the Czech National Bank, it will be available in line with applicable legal requirements, on the Issuer’s WebPages www.ppfco2.nl, on 31 October 2007 at the latest.