Czech power company CEZ AS will price its EUR500 million, five-year bond at 85 basis points over midswaps, one of the banks leading the deal said Wednesday.

This is in line with earlier guidance, which had been set in the area of 85 basis points over midswaps.

Banca IMI, BNP Paribas SA, Erste Bank AG, HSBC PLC and UniCredit SpA are lead managers on the transaction.

Order books on the deal--which is expected to price later on today--closed at EUR1.4 billion.

CEZ is rated A2 by Moody's Investors Service, A- by Standard & Poor's Corp. and A by Fitch Ratings company

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