ČD Cargo to issue 7-year bond worth 1 billion crowns

Freight carrier ČD Cargo, a subsidiary of state-owned Czech Railways, plans to issue 7-year bonds worth 1 billion crowns by the end of July with the coupon of 2.55 per cent to fund the purchase of new wagons and towards other investment, the daily E15 reported on Monday. Two years ago, ČD Cargo issued papers worth 500 million crowns.