9. 12. 2024
Passerinvest Group completes bond issuance worth CZK 1 billion
Passerinvest Group has successfully completed a public bond issuance with a total value of CZK 1 billion. Carrying an annual yield of 6.85%, the bonds are set to mature at the end of 2029. This transaction reinforces PasserinvestT’s strong reputation in the Czech capital market and demonstrates continued investor trust in the Group’s projects and strategy. The issuance was supported by UniCredit Bank Czech Republic and Slovakia, a.s., Česká spořitelna, a.s., and Komerční banka, a.s., leading financial institutions that provided preparation and placement services for the bonds.
“The high demand for our bond issuance is a valuable signal of investor trust in our Group and its long-term direction. We are grateful to our investors for their support and to the banks for their professional collaboration and execution of the entire transaction. We believe that the funds raised through this issuance will help us further develop our key activities,” said Ondřej Plocek, CFO of Passerinvest Group, a.s.
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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.