31. 3. 2026
Passerinvest Group’s public bond issue, originally planned at 1.5 billion crowns, has been increased to 2.5 billion
Passerinvest, the Czech development and investment group, has carried out a public bond issue through Passerinvest Finance, a.s. The issue had a total estimated nominal value of 1.5 billion crowns with the option to increase to 2.5 billion crowns, which was exercised to the maximum possible amount. The bonds carry a fixed interest rate of 6.5 % p.a. with maturity in 2031. The group plans to use the raised funds primarily to finance new projects and further develop the Brumlovka and Nové Roztyly sites in Prague, and also to ensure the intra-group financing of the entire Passerinvest Group.
Renowned financial institutions participated in the issue, providing services relating to the preparation and placement of the bonds: Česká spořitelna, Komerční banka, Raiffeisenbank and UniCredit Bank Czech Republic and Slovakia. Legal advice for the whole transaction was provided by Dentons law firm.
“As part of the new bond issue, owners of older bonds maturing in 2028 were offered an exchange for new bonds. We very much appreciate all our existing investors who took advantage of the exchange offer to a considerable extent, thus confirming their satisfaction with investing in our group and their trust. New investors then expressed a lot of interest and, as a result, in the end we issued the bonds in the maximum possible amount. We will use the raised funds in accordance with the prospectus for our planned projects, as well as for further improvements to existing buildings,” explains Jiří Junger, the chief economist of Passerinvest Group.
“We consider the result of the bond issue to be excellent, especially given the volatility of interest rates due to tensions in the Middle East. We really appreciate investors’ trust in our group and its projects and we thank them for it. Our thanks also go to UniCredit Bank, Česká Spořitelna, Komerční banka and Raiffeisenbank for their professional preparation and distribution of the bond issue,” says Ondřej Plocek, CFO of Passerinvest Group.
By the end of 2029, the company is planning to invest a total of 21 billion crowns in the Brumlovka and Roztyly sites, not only in the construction of new office and residential buildings, but also in the development of retail spaces and the systematic improvement of public spaces. Investments will thus also be directed towards parks, relaxation zones and other elements that will enhance the quality of the surroundings and the long-term appeal of this part of Prague 4.
The bond prospectus can be found HERE.
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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.