14.5.2024
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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.
Other articles
7.4.2025
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News
KŠB is the official partner of the Smetanova Litomyšl Festival
We are delighted to announce that we have become an official partner of one of the most important cultural projects in the Czech Republic – the Smetanova Litomyšl music festival. With the title “ the law firm of the festival", we are proud to be part of this long-standing social event that blends music with a unique historical setting.
