Allen Overy Shearman Sterling has advised J&T Banka on the issuance of EUR 300 million senior preferred MREL-eligible notes under its international EMTN program. White & Case advised the banks involved.
According to A&O Shearman, the 6NC5 notes, issued under English law and governed in part by Czech regulations as MREL-eligible instruments, were admitted to trading on the Luxembourg Stock Exchange. The transaction was accompanied by a cash tender offer for J&T Banka’s EUR 120 million senior preferred MREL-eligible notes due in 2026, with nearly 85% of the outstanding nominal amount validly tendered and accepted.
The A&O Shearman team included Partner Petr Vybiral and Associate Jan Mourek.
The White & Case team included Prague-based Partner Petr Hudec, Counsel Petr Smerkl, and Associate David Mikyska as well as other team members in London.