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Clifford Chance and A&O Shearman Advise on KKCG's Bond Issuance

Clifford Chance and A&O Shearman Advise on KKCG's Bond Issuance

Czech Republic
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Clifford Chance has advised KKCG on a commercial bond issuance totaling up to CZK 10 billion for retail investors. A&O Shearman advised the banks: J&T, PPF Banka, Ceska Sporitelna, and Komercni Banka.

KKCG is an investment and innovation group with expertise in lotteries and gaming, energy, technology, and real estate. 

According to Clifford Chance, the bonds will be listed on the Prague Stock Exchange. "The bonds, which will be available to both individual and institutional Czech investors, have a maturity of five years and an attractive interest rate of 7.75%. They will be issued in two tranches, with the first CZK 5 billion tranche scheduled for release in July this year, and the second tranche following in September 2024."

In 2023, Clifford Chance advised KKCG on its acquisition of Avenga (as reported by CEE Legal Matters on December 22, 2023).

The Clifford Chance team included Prague Managing Partner Milos Felgr, Senior Associate Hana Cekalova, and Associate Lukas Ljubovic.

The A&O Shearman team included Partner Petr Vybiral, Associate David Mikyska, and Trainee Tomas Spacek.

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