Tuesday, 31 March 2026
Passerinvest Group has completed a public bond issuance through Passerinvest Finance, increasing the total volume from the initially planned CZK 1.5 billion to CZK 2.5 billion.
The bonds carry a fixed interest rate of 6.5% per year and mature in 2031. Proceeds will be used to finance new developments, support ongoing projects in Prague, and provide intra-group financing. Key areas of investment include the Brumlovka and Nové Roztyly locations.
Financial institutions involved in the transaction included Česká spořitelna, Komerční banka, Raiffeisenbank and UniCredit Bank Czech Republic and Slovakia. Legal advisory services were provided by Dentons.
“As part of the new issue, holders of older bonds maturing in 2028 were offered an exchange for new bonds. We greatly appreciate all existing investors who took advantage of the exchange offer to a significant extent, thereby confirming their satisfaction with their investment in our group and their trust. New investors then showed great interest, and thanks to this, we ultimately issued the bonds at the maximum possible volume. We will use the newly raised funds, in accordance with the prospectus, for our planned projects and also for further improvements to existing buildings,” said Jiří Junger.
“We consider the outcome of the issue to be excellent, even given the volatility of interest rates resulting from tensions in the Middle East. We greatly appreciate investors’ long-term confidence in our group and its projects and thank them for it. We would also like to thank UniCredit Bank, Česká Spořitelna, Komerční banka, and Raiffeisenbank for their professional preparation and distribution of the issue,” added Ondřej Plocek.
By the end of 2029, the group plans to invest around CZK 21 billion in the Brumlovka and Roztyly areas. The programme includes office and residential construction, as well as retail and public space improvements such as parks and leisure areas in Prague 4.
