Allen & Overy has advised sole lead manager J.P. Morgan on the approximately CZK 2 billion domestic subordinated Tier 2 capital bond issue by Moneta Money Bank.
According to A&O, this is the first subordinated Tier 2 capital bond issue by a Czech bank under a base prospectus approved based on the Czech Republic's new Prospectus Regulation. A&O reports that the base prospectus allows for the issuance of a range of debt instruments, including mortgage covered bonds, senior preferred bonds, senior non-preferred bonds, subordinated preferred bonds, and subordinated Tier 2 bonds. All the instruments may be issued, subject to compliance with applicable rules and regulations, to retail as well as institutional investors.
The transaction was led by A&O's Prague-based Counsel Petr Vybiral, assisted by Associate Tomas Kafka. A&O's London team consisted of Partners Peter Crossan and Tom Grant and Associate Michael Hossack.