Kocian Solc Balastik has advised J&T IB Capital Markets on the issuance of unsecured unsubordinated book-entry bonds by J&T Arch Convertible Sicav with a total value of up to CZK 1 billion and an option to increase by up to 100%.
"The uncommon structure of the bonds entitles the bondholder to a variable coupon linked to the price of the underlying's investment share issued by J&T Arch Convertible Sicav, a qualified investor fund, and enables the bondholder – qualified investor – to convert the bonds into shares, thus effectively exchanging the coupon yield for a participation interest in the fund," KSB informed.
J&T IB Capital Markets provides investment banking and advisory services in the CEE region, in particular, in the Czech and Slovak Republics. The company focuses on the debt capital market, equity capital market, and corporate finance transactions.
In 2022, KSB also advised J&T IB Capital Markets on a bond issuance by J&T Energy Financing CZK (as reported by CEE Legal Matters on August 24, 2022) and on J&T Banka's issuance of subordinated unsecured income certificates (as reported by CEE Legal Matters on July 21, 2022).
The KSB team included Partners Vlastimil Pihera and Martin Krejci and Lawyers Matus Kovacic and Tomas Travnicek.