A&O Shearman announced today that it has advised J&T IB and Capital Markets, a.s. as the arranger, and Česká spořitelna, a.s., J&T BANKA, a.s., Komerční banka, a.s., and PPF banka a.s., as the joint lead managers on the establishment of a bond programme of KKCG Financing a.s. (a wholly-owned KKCG subsidiary) and the inaugural CZK 6 billion issuance under the programme.
The issuance volume, originally expected at CZK 5 billion, was increased due to high demand from the investors and as such marks one of the largest retail bond issuances within the Czech market to date.
The A&O Shearman core team consisted of partner Petr Vybíral, who leads the finance practice in the Czech Republic, associate David Mikyska and junior lawyer Tomáš Špaček.
Martin Kopecký, who led the J&T team working on the transaction, commented on behalf of the arranger and joint lead managers: “We are pleased to support the expansion of KKCG Group well beyond the borders of the Czech Republic. The response and strong demand from investors confirm the strength of the credit, and we are glad that local investors can participate in this success story.”
Petr Luňák, Director of Structured Finance at KKCG Group, commented on behalf of the issuer: “We would like to thank the A&O Shearman team for their efficient cooperation and constructive dialogue in the preparation of this transaction.“
Petr Vybíral added: “The team and I were delighted to work on this highly complex and demanding transaction. I would like to extend my huge thanks and gratitude to all the banks and other parties and stakeholders working with us on the deal and for making it yet another success story for KKCG Group on the Czech domestic bond market.”