Press center

Press
Releases

27.4.2017

THE SECOND ISSUE OF PASSERINVEST GROUP BONDS WAS SOLD SUCCESSFULLY

PASSERINVEST GROUP, a.s., a leading Czech development and investment company, has successfully completed the underwriting of its second issuance of corporate bonds through its subsidiary PASSERINVEST FINANCE, a.s. The issue size amounted to CZK 2 billion with the possibility of a further increase to CZK 2.25 billion. The annual interest yield in the amount of 5.25% will be paid quarterly. The bonds will mature in March 2023. PASSERINVEST GROUP, a.s. is planning to use the proceeds from the issuance for intragroup financing, particularly for the financing of acquisitions.

The managers of the issuance are J&T Banka, a.s. and UniCredit Bank Czech Republic and Slovakia, a.s.

"We really appreciate the trust the investors have expressed in our business activities and we also feel a great responsibility for the direction of our business in the future," stated Radim Passer, the founder and General Director of PASSERINVEST GROUP, a.s., with regard to the completion of the issuance.

"Our second bond issuance, this time traded publically, is another step in the establishment of the PASSERINVEST group on the capital market. We value the cooperation with our experienced partners, J&T Banka and UniCredit Bank." Ondřej Plocek, the Financial Director of PASSERINVEST GROUP, a. s., added with regard to the transaction.


For more information and photographs in print quality please contact:

Kristýna Samková, Head of PR and Marketing dept.
PASSERINVEST GROUP, a.s.
Tel.: (+420) 221 582 111
E-mail: Kristyna.Samkova@Passerinvest.cz
www.passerinvest.cz, www.bbcentrum.cz

Marcela Štefcová
Crest Communications a.s.
Mobil: (+420) 731 613 669
E-mail: marcela.stefcova@crestcom.cz

For more information and photos in print quality, please contact us

Kristýna Samková

Head of PR and Marketing department

Kamila Žitňáková

Crest Communications a.s.

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.