Allen & Overy has advised companies from the Dr. Max group on their first retail bond issuance on the Czech capital market, with a total nominal value of CZK 5 million. The Evan law firm reportedly advised the issuing group as well. White & Case reportedly advised managers Komercni Banka, UniCredit, CSOB, Ceska Sporitelna, and J&T.
According to Allen & Overy, “the bonds have a fixed interest rate of 8.50%, are due in 2028, and are secured by a financial guarantee by Glebi Holdings, the Cypriot parent company of the issuer. The success of the transaction is attested by the fact the issue was 110.7% oversubscribed.”
The Allen & Overy team included Partner Petr Vybiral, Senior Associates Tomas Kafka and Martina Kristianova, Associate Josef Pavlicek, and Junior Lawyer Jan Mourek.