NewsAllen & Overy advises companies from Dr. Max group on their first retail bond issuance on the Czech capital market

Allen & Overy advised companies from Dr. Max group on their first retail bond issue on the Czech capital market in a total nominal value of CZK 5,000,000,000. The bonds have a fixed interest rate of 8.50%, are due in 2028 and are secured by a financial guarantee by GLEBI HOLDINGS PLC, the Cypriot parent company of the issuer. The success of the transaction is attested by the fact the issue was 110.7% oversubscribed.

A&O’s team was led by partner Petr Vybiral, assisted by senior associates Tomáš Kafka and Martina Kristianová, associate Josef Pavlíček and junior lawyer Jan Mourek.