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.
Other articles
KŠB advises on the sale of a majority stake in Znakon Group to enteria
KŠB provided legal advice on the sale of a 75% stake in Znakon, Znakon Asfalt and Znakon Servis to enteria, a Pardubice-based group and one of the Czech Republic’s largest construction holdings.
KŠB Runs for a Good Cause
On Tuesday, 8 September three teams from KŠB took part in the eighth annual Good Will Run organised by the Olga Havel Foundation in Prague’s Hvězda Park. Proceeds from the entry fees will go towards supporting families facing difficult circumstances due to serious illness, loss of housing or domestic violence.
Richard Schmidt Joins KŠB, Strengthening Its Corporate Criminal Liability and Compliance Practice
KŠB expanded its team at the beginning of August with the arrival of attorney Richard Schmidt, who has extensive experience in criminal law, including corporate criminal liability and related compliance matters.
