Czech National Bank has approved the emission of seven years bonds worth €70m by Czech Property Investments (CPI). The total volume of bonds can reach €105m, with the bond value set at €500. The bonds will be due on March 23, 2019, and the interest rate will be 6.5% above six-month Euribor. Currently the interest rate is 7.6%. CPI has for the past couple years been one of the biggest investors in the Czech market, even venturing out to Slovakia to make purchases. It now says it will be concentrating more on its own developments.
