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We handled: 4 bond prospectuses approved by the CNB, nearly 60 individual issues, structuring issues according to specific purposes, tailoring parameters to specific projects, and coordination with the client's internal team
Duration: Ongoing cooperation starting in 2020
Result: Flexible financing allowing the client to react immediately to market opportunities, cost optimization through precise issue timing, and successful diversification of the investment portfolio across projects
The investment group was looking for a partner to help realize its ambitious development and real estate acquisition plans—one that understands capital markets while being able to react quickly to changing market conditions.
The client issues bonds only when they actually plan the acquisitions or investments for which the funds will be used. They do not hold "expensive" cash unnecessarily, but instead tailor issues to specific needs. Such an approach requires coordination between legal documentation and business strategy. And so, our partnership began with a thorough understanding of the group's business model.
The group has its own team of analysts and risk managers, with whom we work closely to set issue parameters while ensuring the legal side and regulatory compliance. This model allows for the rapid approval of individual issues while maintaining high-quality documentation.
For higher-volume issues, we prepared four base prospectuses approved by the CNB. We represented the client in administrative proceedings before the central bank, providing them with complete documentation, including internal materials.
The base prospectuses were drafted and negotiated with the CNB in a short timeframe, with the goal of supporting the realization of pre-contracted and time-sensitive development and acquisition projects through individual issues.
For selected issues, our bond advisory services also included negotiations with securities traders, which ensured effective distribution and reach to the right investor segments.
The group gained a flexible financing system that perfectly matches the dynamics of real estate development.
