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KSB Advises J&T IB and Capital Markets on J&T Banka Issuance

KSB Advises J&T IB and Capital Markets on J&T Banka Issuance

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Kocian Solc Balastik has advised arranger J&T IB and Capital Markets on J&T Banka's issuance of subordinated unsecured income certificates without a maturity date.

According to KSB, the “perpetual certificates” are countable as Tier 1 secondary capital and the issuance aims to “increase regulatory capital, increase the diversification of capital sources, and raise funds for the eventual repayment of previously issued instruments. The value of the issuance is EUR 100 million, with an option to increase by 100%.”

J&T Banka is a private investment bank in the Czech Republic and part of the J&T Finance Group SE banking holding company, which also includes the Slovak 365.Bank, Croatian J&T Banka, and their subsidiaries.

In 2021, KSB also advised J&T Banka on its partnership with Amista (as reported by CEE Legal Matters on September 15, 2021).

The firm's team included Partners Martin Krejci and Vlastimil Pihera, Associate Josef Kriz, and Junior Associate Zuzana Slaba.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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