KŠB advised J&T BANK on issuing CZK and EUR perpetual bonds
The first, September 2015 issue amounted to CZK 1 billion, with each bond having the nominal value of CZK 100,000, while the second, December 2015 issue amounted to EUR 50 million, with each bond having the nominal value of EUR 5,000. In addition to the Czech market, the EUR bonds are available on the Slovak market, which required cooperation from both the Czech and Slovak National Banks in providing the bonds’ prospectus with the so-called passport. The bonds are counted as Tier 1 capital.
The bonds are only available to professional investors and clients with available investment cash over EUR 100,000.
KŠB previously advised J&T BANK on the first-ever issue of perpetual bonds, a pioneering deal in the Czech Republic, in 2014.
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Collaboration with World Bank on Analysis of Czech Business Environment
We would like to share that Kateřina Štěpánková has received a Certificate of Appreciation from World Bank in recognition of her contribution to the Subnational Business Ready in the European Union 2025 project, led by World Bank in cooperation with the European Commission (DG REGIO).
