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15.11.2022

PASSERINVEST group placed bonds worth 25 million euros

The PASSERINVEST concern, an important purely-Czech development and investment group, issued bonds with a nominal value of 2000 euros and a total nominal value of 25 million euros through PASSERINVEST FINANCE, a.s., with a maturity in 2029. The bonds bear a variable yield linked to 3M EURIBOR with a margin of 4.50% per annum and they are secured by a guarantee declaration by the parent company PASSERINVEST GROUP, a.s. PASSERINVEST FINANCE, a.s. plans to use the proceeds of the issue for the financing of new group projects, the refinancing of its debt and the intracompany financing of the entire PASSERINVEST group.

The leading joint managers of the issue are Raiffeisenbank, a.s. and UniCredit Bank Czech Republic and Slovakia, a.s.

“Despite increasing uncertainty and high volatility not only on capital markets linked to rising inflation rates and the growth of risk premiums, we are pleased with the interest on the part of investors who appreciate the financial strength and stability of PASSERINVEST group,” stated Ondřej Plocek, the group’s CFO.

“This is our third public bond issue since 2014. I truly appreciate the confidence of all our investors and I believe that the projects we will be building in the future will contribute to the prosperity of the given localities and the whole of Prague,” added Radim Passer, the founder and CEO of Passerinvest Group, a.s.

The prospectus relevant for the offered bonds is published on the website www.passerinvest.cz in the "Company” section, "For investors” subsection.  The approval of the prospectus should not be understood as a confirmation of the securities offered and admitted to trading on the regulated market on the basis of that prospectus. It is recommended that potential investors read the prospectus and other relevant information available before making an investment decision in order to fully understand the potential risks and yields associated with the decision to invest in securities. Any investment decision is only for the investor’s consideration and is up to the investor to assess the risks and benefits of such a decision for himself or herself. All potential investors are therefore advised to consult their financial, tax and/or other expert advisors before making their investment.

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PASSERINVEST GROUP, a. s.

Passerinvest Group (hereinafter Passerinvest) is a purely Czech builder and investor. The company was founded by Radim Passer back in 1991 and has since then acquired a lot of experience in the construction of office and commercial buildings, residential buildings and civic amenities.
Since 1998, Passerinvest, as a responsible urban developer, has primarily been connected with Brumlovka (BB Centrum) in Prague 4, which is one of the most successful and extensive urban projects not only in the Czech Republic, but throughout all of Europe. Another important project in the company’s portfolio is Nové Roztyly, a brownfield of the former slaughterhouses of the Interlov complex where, in the future, a place with pleasant housing with a large park should arise, complemented by services for the general public and an office function. The principles of urban construction and the long-term sustainable development of Prague and the Czech Republic are part of Passerinvest Group’s vision. Thanks to its responsible approach, Passerinvest has built a very good reputation both on a domestic and on an international level. This is not only to the credit of the quality of the realised projects and the high level of the provided services, but also to the sense of fair play, a customer approach and also its responsibility to the society and the environment.