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Allen & Overy Advises J.P. Morgan on Tier 2 Capital Bonds Issue by Moneta Bank

Allen & Overy Advises J.P. Morgan on Tier 2 Capital Bonds Issue by Moneta Bank

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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.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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