11/30/2011
J&T BANKA Offers 3-Year Bonds of J&T Finance Group
J&T Banka has launched the subscription of its historically first issue of the bonds of J&T Finance Group (hereinafter the J&T Group). The public bond issue in the total offered value of CZK 3 billion bears the coupon rate of 6.4% p.a. From Wednesday, November 30, the bonds are listed at the Prague Stock Exchange.
“With this bond issue, guaranteed by our parent company, we bring the world of private equity closer to a wider range of investors. We are happy that in this period of volatile markets, we can offer our clients another fixed-yield investment,” says Daniel Drahotský, Financial Markets Section Director with J&T Banka.
“The net proceeds from the bond issue will be used to finance our future acquisitions and the expansion of the J&T Group’s activities in specialized financing, and also to refinance our current interest-bearing sources of financing,” says Miloš Badida, Financial Director of the J&T Group, and adds: “Following this CZK issue, we also plan to offer an analogous issue in EUR for our Slovak and other foreign investors.”
J&T Finance Group has issued the bonds by means of its Dutch subsidiary J&T Global Finance I, B.V. The bonds in the nominal value of CZK 3 million mature on November 30, 2014. The interest of 6.4% p.a. will be paid out by means of J&T Banka semi-annually, always at the end of May and November. The bond issue manager, administrator and listing agent is J&T Banka, with the arranger being its subsidiary firm of J&T IB and Capital Markets. Based on its statement of guarantee, J&T Finance Group guarantees that the bonds will be repaid in full.
Issue Parameters
| Issuer | J&T Global Finance I, B.V. |
| Guarantee | Statement of Guarantee of J&T FINANCE GROUP, a.s |
| Volume | 3 000 000 000 CZK |
| Coupon | 6.40% p.a. paid semi-annually as of May 30 and November 30 |
| Issue date | November 30, 2011 |
| Maturity date | November 30, 2014 |
| Listing | Free market of the Prague Stock Exchange |
Bond Parameters
| JTFG I 6,4/14 | |
| Nominal value | 3 000 000 CZK |
| Issue rate | 100 % |
| Issue period | Within 6 months of the Issue Date |
| Call option | Issuer’s call option from May 30, 2013 |
| Form | ZaknBook-entry bearer bonds issued under the Czech law |
| ISIN | CZ0000000252 |
The prospect is available for all potential investors at the websites of www.jtbank.cz and www.jtfg.com.