Securities and Capital Markets
We are a recognised specialist on capital market transactions, with our capital markets practice ranging from large corporate senior bond transactions and hedge fund structures, to specific (tailor-made) unnamed securities and derivatives issues. Given our expertise in structuring financial transactions and in-depth knowledge of national and supranational regulation, we advise primarily on complex and first-of-its-kind issues. Our experts have been involved in the implementation of many EU regulations affecting capital markets, including the implementation of the Prospectus Regulation, the Transparency Directive, the Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFM) Directives, and the MIFID2/MIFIR regulatory instruments.
Bond financing
- Corporate senior bonds (prospectus, clearance fromthe Czech National Bank, passporting)
- MTN bond programmes
- EUROBONDS
- Green bonds
- EU growth prospectus
- Junior and subordinated bonds and other private placements
- Perpetuity and MREL instruments (Tier 1 under CRR/CDR IV)
- Advice to (security) agents and bond arrangers
- Issuer negotiations with JLMs
Equity financing
- Establishment of SICAVs (including CIFs),sub-funds, SICAFs and alternative investment funds (AIFs)
- IPOs and secondary offerings
- Convertible instruments, including convertible bonds, equity-linked and otherhybrid (PRIP) instruments
- Access to unregulated multilateral trading facilities
- Listed company compliance, including exchange rules
- Advice to crowdfunding platforms (DLT, MiCAR)
- Employee Stock Option Plans (ESOP)
10 billion + CZK
Issued bonds
First
Banking MREL perpetuity
First
Equity-linked bond meeting the definition of a “structured retail investment product” (PRIP) listed on the PSE
Authors of commentaries
On all relevant regulations in the field of capital markets
Team and main contacts
Respected in the Czech market, Kocián Šolc Balaštík is well-placed to advise on a range of financial and capital markets mandates. The firm acts on both transactions and regulatory matters with a work portfolio comprising corporate lending, project, acquisition and syndicated financings and capital refinancings. The team also advises on certificate issuance, the implementation of new financial directives and bond transactions. Its varied client base consists of lenders, borrowers, issuers and arrangers, based both domestically and abroad.
Chambers Global 2025
Articles
2.12.2024
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News
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Financial services
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Capital markets
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KSB Advises on Another Chapter of Joint Investment between J&T and Rohlík Group
KKŠB teams, led by Jana Guričová and Josef Kříž, and supervised by partner Vlastimil Pihera, have recently completed two major, interconnected deals involving the cooperation of J&T and Rohlík, which they have been working on for the past few months.
14.5.2024
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News
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Capital markets
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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.
15.1.2024
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News
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Capital markets
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KSB Drafts First EU Prospectus for Nemomax Growth Fund
A team led by Vlastimil Pihera and Josef Kříž advised real estate investment fund Nemomax on its first EU growth prospectus. With fund capital of almost one billion Czech crowns, the investment fund focuses on investments in real estate projects in the Czech Republic, mainly in the residential housing sector, and is managed by Avant, a leading Czech investment company.
Our clients include
Amista • Arete • Avant • Banka Creditas • Czech National Bank • Czech Savings Bank • Codya • Emun • Fundlift • J&T Banka • M&M Reality • Nation1 • National Development Investment • O2 • PPF Bank • Redside • Rockaway Capital • Roklen • Sandberg Capital • SMV Invest • Swiss Life Select • Twisto • UniCredit Bank • Winstor • Zonky
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