14.5.2024
News
Capital markets

KSB Advises SMV Invest on One of First Issues of Non-Bank Perpetual Certificates in Czech Republic

Vlastimil Pihera and Josef Kříž assisted SMV Invest Group on a unique issue of perpetual certificates. Combining years of knowledge in investment and real estate development, the Group focuses on finding interesting locations, land, and real estate units for development, especially in Prague and its surroundings, and on their financing by retail clients.

Perpetual certificates are primarily debt securities but have some features of equity securities (e.g. flexible redemption date). The absence of specific regulation (as encountered in the case of banking institutions) allows considerable flexibility in structuring the terms of the certificates, as well as in adjusting the terms of individual redemptions by the issuer. In this respect, perpetual certificates represent a significant innovation on the Czech financial market.

More information on the prospectus is available here.

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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).

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Tomáš Sequens featured in “Trends in Sustainability” podcast

KSB partner Tomáš Sequens appeared as a recent guest on the Trends in Sustainability podcast produced by [ta] Udržitelnost in collaboration with E15.

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