For up to three billion crowns, the financial group J&T, among other things, also goes after small investors. Through its subsidiary JTSEC CZ Financing 1, it offered investors a package of bonds, the sale of which the group intends to partially pay off the older debts of companies from the “family”. The Czech National Bank formally approved the prospectus at the beginning of September. For J&T, this is the second notch on the domestic bond market this year. In the spring, another company from the group went looking for money with the ambition of getting up to 4.5 billion. One of the largest investment companies in the country attracts a yield relatively high above the CNB rate.
“The issuer intends, through the manager, to offer bonds as part of a public offer to all categories of investors in the Czech Republic and to selected qualified investors. Alternatively, also to other investors under conditions that do not obligate the offeror to draw up and publish a prospectus in the given country, even abroad,” states the bond prospectus of the issue, which in the first phase will aim for a volume of one and a half billion. The interest of investors will then decide on a possible increase of the issue up to twofold. Bonds will also arrive on the Prague Stock Exchange at the end of September.
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2023-09-11 16:00:00
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