Allen & Overy has advised sole lead manager JP Morgan on Moneta Money Bank's approximately CZK 2.6 billion domestic subordinated Tier 2 capital bond issuance.
According to Allen & Overy, “the bonds have been issued under the one and only debt issuance program of a Czech bank that allows for issuance of a wide range of debt instruments, including mortgage covered bonds (in strict compliance with the new Czech covered bond legal framework), senior preferred notes, senior non-preferred notes (which may be issued as MREL eligible instruments), subordinated preferred notes, and subordinated Tier 2 notes (issued as Tier 2 capital accountable instruments).”
Allen & Overy’s team included London-based Partner Peter Crossan and Prague-based Counsel Petr Vybiral and Associate Tomas Kafka.
