Successful €750 million issue of 6-year eurobonds

20. 4. 2018

On 19 April 2018, EP Infrastructure (“EPIF”) successfully placed its debut international offering of €750 million 1.659% fixed rate notes due 2024.

The transaction was well received by institutional investors and the final books reached €1.3 billion with orders from 129 accounts (1.7x oversubscribed), clearly demonstrating the Group’s strong credit profile.

Through this bond issuance, EPIF has been able to benefit from the current favorable conditions in the international debt capital markets in order to partially refinance its existing bank loans at the EPIF level and extend its debt maturity profile, while reducing the average cost of its borrowings.

With this transaction, EPIF achieved the best pricing outcome (spread over mid-swap levels) among CEE corporate issuers in the 5-7 year tenor range in the past three years.

Citi, J.P. Morgan, SG CIB and UniCredit Bank were the Joint Global Coordinators and Joint Bookrunners, with Banca IMI, Bank of China, Erste Group, ING Bank and SMBC Nikko also acting as Joint Bookrunners.

About EP Infrastructure

EPIF is a leading European energy infrastructure utility focused on gas transmission, gas and power distribution, heat and power generation and gas storage. With principal operations in the Slovak Republic and the Czech Republic, EPIF is a unique European entity with a large and diversified portfolio of strategically important infrastructure assets. Measured by EBITDA, the Group is among the five largest industrial groups based in the Czech Republic.

Group highlights

• EPIF controls the Eustream gas transmission pipeline, the largest gas corridor for deliveries of Russian gas to Western, Central and Southern Europe.
• The Group is an important gas and electricity distributor in the Slovak Republic and is the leading distributor of heat to final consumers in the Czech Republic.
• EPIF holds the largest gas storage capacity in the region of Slovakia, Czech Republic and Austria.

This communication is not an offer of securities for sale in the United States, Australia, Canada, Japan or any other jurisdiction where to do so would be unlawful. EPIF has not registered, and does not intend to register, any portion of the securities referred to herein in any of these jurisdictions and does not intend to conduct a public offering of securities in any of these jurisdictions.

The securities referred to in this communication have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act“) or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply (such persons being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this communication or any of its contents. Any investment activity (including, but not limited to, any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities) to which this communication relates will only be available to, and will only be engaged with, persons who fall within the manufacturer target market.

This communication is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC, as amended (such directive, the “Prospectus Directive“) and/or Part IV of the Financial Services and Markets Act 2000. A prospectus will be prepared and made available in accordance with the Prospectus Directive. Investors should not subscribe for any securities referred to in this communication except on the basis of information contained in the prospectus. Investors may obtain a copy of the prospectus, when published, on the website of Euronext Dublin.