Kocian Solc Balastik has advised arranger J&T IB and Capital Markets on J&T Banka’s issuance of subordinated unsecured income certificates without a maturity date.
According to KSB, the “perpetual certificates” are countable as Tier 1 secondary capital and the issuance aims to “increase regulatory capital, increase the diversification of capital sources, and raise funds for the eventual repayment of previously issued instruments. The value of the issuance is EUR 100 million, with an option to increase by 100%.”
J&T Banka is a private investment bank in the Czech Republic and part of the J&T Finance Group SE banking holding company, which also includes the Slovak 365.Bank, Croatian J&T Banka, and their subsidiaries.
In 2021, KSB also advised J&T Banka on its partnership with Amista (as reported by CEE Legal Matters on September 15, 2021).
The firm’s team included Partners Martin Krejci and Vlastimil Pihera, Associate Josef Kriz, and Junior Associate Zuzana Slaba.