Unique Legal Arrangement for J&T Bank’s Perpetual Bonds
Stricter requirements on a bank’s capital structure have resulted in banks issuing hybrid instruments such as perpetual bonds, which are counted as Tier 1 capital. This marks the first time such an instrument has ever been issued in the Czech Republic. A number of issues had to be resolved beforehand, however, such as the legal structure and acceptability for the regulator.
Compared to issues regarding standard securities, the prep work for perpetual bonds was fairly challenging and lengthy and culminated at the end of June 2014 when the Czech National Bank approved the prospectus and the perpetual bonds were offered to preselected investors, whose interest is said to be strong. KŠB is proud to have advised on such a pioneering and successful deal.
Established in 1998, J&T Bank is a Czech private full-service bank.
Other articles
Jan Lasák vystoupil na Balkan Legal Forum 2026
Partner KŠB Jan Lasák vystoupil jako panelista na letošním ročníku Balkan Legal Forum 2026, jedné z nejvýznamnějších konferencí zaměřených na právní trh ve střední a jihovýchodní Evropě.
KŠB Partner Tomáš Sequens Speaks at the “Law and the Environment” Conference
Organized by Česká justice and Ekonomický deník at Truhlárna Karlín in Prague, the “Law and the Environment” conference brought together representatives from the government, the business sector, the professional community, and the legal profession to discuss the current challenges related to environmental protection, decarbonization, and the regulatory framework for doing business.
KŠB Provide Insight into the Legal Support for Smetana Litomyšl Music Festival
Our colleagues Sylvie Sobolová and Jana Guričová were interviewed by Jan Januš’s legalweb about the legal support for Smetana Litomyšl, one of the most important music festivals in the Czech Republic.
