Kocian Solc Balastik has advised J&T IB and Capital Markets on the arranging of 3M Fund MSI's issuance of senior bonds with a value of CZK 1 billion.
J&T Banka was the manager, administrator, and security agent. The bonds were successfully admitted for trading on the Prague Stock Exchange.
According to KSB, “the proceeds are to be used to acquire and further develop real estate. So far, the portfolio includes seven initial projects, the largest of which is Trnita Palace in the center of Brno, Czech Republic. The company's business combines both real estate development and the possession of already completed buildings for rent.”
KSB’s team included Partners Vlastimil Pihera and Martin Krejci and Lawyer Josef Kriz.