Czech Gas Networks Investments S.À R.L
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CZECH GAS NETWORKS INVESTMENTS S.À R.L. (a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg) EUR 500,000,000 0.875 per cent. Notes due 2031 Issue price: 99.81 per cent. Czech Gas Networks Investments S.à r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg (Luxembourg), having its registered office at 20, Boulevard Royal, L-2449 Luxembourg and registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés, Luxembourg) under number B233.444 (the Issuer) is offering EUR 500,000,000 aggregate principal amount of its 0.875 per cent. notes due 2031 (the Notes). The Notes will constitute senior unsecured obligations of the Issuer. Unless previously redeemed or cancelled, the Notes will be redeemed at their principal amount on 31 March 2031. The Notes are subject to redemption in whole at their principal amount together with the interest accrued to the date fixed for redemption at the option of the Issuer at any time in the event of certain changes affecting taxation in Luxembourg. The Notes may also be redeemed at the option of the Issuer, in whole but not in part: (a) pursuant to Condition 5(d) (Redemption at the option of the Issuer (Make-Whole)) at any time from, but excluding, the Issue Date to, but excluding, 31 December 2030; or (b) pursuant to Condition 5(c) (Redemption at the option of the Issuer (Issuer Call)) at their principal amount on any date, from and including, 31 December 2030 to, but excluding, 31 March 2031. The Notes will bear interest from (and including) 31 March 2021 (the Issue Date) at a rate of 0.875 per cent. per annum payable annually in arrear on 31 March in each year commencing on 31 March 2022. Payments on the Notes will be made in Euros without deduction for or on account of taxes imposed or levied by, the Grand Duchy of Luxembourg or any political subdivision thereof or authority therein to the extent described under “Conditions of the Notes - Taxation”. Application has been made to the Irish Stock Exchange plc trading as Euronext Dublin (Euronext Dublin) for the Notes to be admitted to the official list (the Official List) and to trading on the Global Exchange Market of Euronext Dublin (the Global Exchange Market) and for the approval of this document as listing particulars in respect of the Notes (the Listing Particulars). The Global Exchange Market is not a regulated market for the purposes of Directive 2014/65/EU of the European Parliament and the Council on markets in financial instruments (as amended, MiFID II). These Listing Particulars have been approved by Euronext Dublin. The Notes have not been, and will not be, registered under the United States Securities Act of 1933 (as amended, the Securities Act) and are subject to United States tax law requirements. The Notes are being offered outside the United States by the Joint Bookrunners (as defined in “Subscription and Sale”) in accordance with Regulation S under the Securities Act (Regulation S), and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be in registered form in the denomination of EUR 100,000. The Notes may be held and transferred, and will be offered and sold, in the principal amount of EUR 100,000 and integral multiples of EUR 1,000 in excess thereof. The Notes will be represented by a global certificate in registered form except in certain limited circumstances described in the global certificate (the Global Certificate). The Notes will be represented by a Global Certificate deposited with, and registered in the nominee name of, a common safekeeper for Euroclear Bank SA/NV (Euroclear) and Clearstream Banking, S.A., Luxembourg (Clearstream, Luxembourg and, together with Euroclear, the ICSDs). The Notes are intended to be held in a manner which will allow eligibility by the monetary authority of the eurozone (Eurosystem). This simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper (and registered in the name of a nominee of one of the ICSDs acting as common safekeeper) and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during the life of the Notes. Such recognition will depend upon the European Central Bank being satisfied that Eurosystem eligibility criteria have been met. Individual note certificates (the Certificates) evidencing holdings of Notes will only be available in certain limited circumstances. See “Summary of Provisions Relating to the Notes while Represented by the Global Certificate”. i As of the date of these Listing Particulars, the Issuer is rated BBB+ (stable) by S&P Global Ratings Europe Limited (S&P), and has a Long-Term Issuer Default Rating BBB (stable) by Fitch Ratings Ireland Limited (Fitch). As of the date of these Listing Particulars, the Notes are rated BBB+ by S&P and BBB+ by Fitch. S&P and Fitch are credit rating agencies established in the European Economic Area and registered under Regulation (EU) No 1060/2009, as amended (the CRA Regulation). S&P and Fitch appear on the list of credit rating agencies published by the European Securities and Markets Authority (ESMA) on its website (http://www.esma.europa.eu/page/List-registered-and-certified-CRAs) in accordance with the CRA Regulation. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Joint Bookrunners Citigroup Société Générale UniCredit Bank Corporate & Investment Banking The date of these Listing Particulars is 29 March 2021 ii IMPORTANT INFORMATION The Issuer accepts responsibility for the information contained in these Listing Particulars. To the best of the knowledge of the Issuer (having taken all reasonable care to ensure that such is the case) the information contained in these Listing Particulars is in accordance with the facts and does not omit anything likely to affect the import of such information. Certain information in the “Risk Factors”, “Description of the CGH Group” and “Industry” sections of these Listing Particulars has been extracted from certain third party sources as specified therein. The Issuer confirms that such information has been accurately reproduced and that, so far as it is aware, and is able to ascertain from information published by such sources, no facts have been omitted which would render the reproduced information inaccurate or misleading. These Listing Particulars are to be read in conjunction with all documents which are deemed to be incorporated in it by reference (see “Documents Incorporated by Reference”). These Listing Particulars shall be read and construed on the basis that those documents are incorporated and form part of these Listing Particulars. The Issuer has confirmed to the Joint Bookrunners named under “Subscription and Sale” below that these Listing Particulars contain all information regarding the Issuer and the Notes which is (in the context of the issue of the Notes) material; such information is true and accurate in all material respects and is not misleading in any material respect; any opinions, predictions or intentions expressed in these Listing Particulars on the part of the Issuer are honestly held or made and are not misleading in any material respect; these Listing Particulars do not omit to state any material fact necessary to make such information, opinions, predictions or intentions (in such context) not misleading in any material respect; and all proper enquiries have been made to ascertain and to verify the foregoing. No person is or has been authorised by the Issuer, the Joint Bookrunners or the Trustee (each as defined herein) to give any information or to make any representation not contained in or not consistent with these Listing Particulars or any other information supplied in connection with these Listing Particulars or the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuer, any of the Joint Bookrunners or the Trustee. The distribution of these Listing Particulars and the offering, sale and delivery of Notes in certain jurisdictions may be restricted by law. Persons into whose possession these Listing Particulars come are required by the Issuer and the Joint Bookrunners to inform themselves about and to observe any such restrictions. For a description of certain restrictions on offers, sales and deliveries of Notes and on distribution of these Listing Particulars and other offering material relating to the Notes, see “Subscription and Sale”. In particular, the Notes have not been and will not be registered under the Securities Act and are subject to U.S. tax law requirements. Subject to certain exceptions, Notes may not be offered, sold or delivered within the U.S. or to U.S. persons. For a further description of certain restrictions on the offering and sale of the Notes and on distribution of these Listing Particulars, see “Subscription and Sale” below. Neither these Listing Particulars nor any other information supplied in connection with the offering of the Notes (a) is intended to provide the basis of any credit or other evaluation or (b) should be considered as a recommendation by the Issuer, any of the Joint Bookrunners or the Trustee that any recipient of these Listing Particulars or any other information supplied in iii connection with the offering of the Notes should purchase any Notes.