PASSERINVEST GROUP, a.s., a leading Czech development and investment company, has successfully completed the underwriting of its second issuance of corporate bonds through its subsidiary PASSERINVEST FINANCE, a.s. The issue size amounted to CZK 2 billion with the possibility of a further increase to CZK 2.25 billion. The annual interest yield in the amount of 5.25% will be paid quarterly. The bonds will mature in March 2023. PASSERINVEST GROUP, a.s. is planning to use the proceeds from the issuance for intragroup financing, particularly for the financing of acquisitions.
The managers of the issuance are J&T Banka, a.s. and UniCredit Bank Czech Republic and Slovakia, a.s.
"We really appreciate the trust the investors have expressed in our business activities and we also feel a great responsibility for the direction of our business in the future," stated Radim Passer, the founder and General Director of PASSERINVEST GROUP, a.s., with regard to the completion of the issuance.
"Our second bond issuance, this time traded publically, is another step in the establishment of the PASSERINVEST group on the capital market. We value the cooperation with our experienced partners, J&T Banka and UniCredit Bank." Ondřej Plocek, the Financial Director of PASSERINVEST GROUP, a. s., added with regard to the transaction.