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CMS Advises on Slovak Republic’s Retail Government Bonds

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CMS has advised the Debt and Liquidity Management Agency of the Slovak Republic on the issuance of its first retail government bonds. 

The retail bonds were placed through a syndicate of five banks including Ceskoslovenska Obchodna Banka, Slovenska Sporitelna, Tatra Banka, UniCredit Bank Czech Republic and Slovakia, and Vseobecna Uverova Banka.

According to CMS, this dual-tranche issuance consists of two instruments designed specifically for the retail market: the “Investor” tranche, a two-year bond with a 3.00% annual yield, and the “Patriot” tranche, a four-year bond with a 3.30% annual yield. The combined issuance, totaling EUR 500 million, was oversubscribed and sold in three and a half days.

The CMS team included Managing Partner Juraj Fuska, Lawyer Martin Melicher, Senior Associates Zuzana Nikodemova and Martina Simova, and Associate Demian Boska as well as further team members in Zagreb, Skopje, Bucharest, Ljubljana, and Istanbul.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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