KKCG Completes CZK 6BN (USD $258M) Bond Issue

KKCG Financing, part of the KKCG Group, today announced the successful completion of its CZK6bn (USD $258m) bond issue

Maturing in 2029, the bonds will be listed on the Prague Stock Exchange. The bonds have a fixed coupon of 7.75% p.a., payable quarterly. The proceeds will be used to refinance existing indebtedness, diversify KKCG financing sources, and support our international expansion.

Katarina Kohlmayer, Member of the Board of Directors and CFO of KKCG, said: “We are delighted at the outcome of KKCG’s first offering of secured bonds. Demand was very high with a large oversubscription, underscoring the confidence of our investors. This raise diversifies our sources of financing and allows us to comfortably meet our debt commitments and investment plans.”

The bond program was coordinated by J&T IB and Capital Markets a.s. The bonds were offered by Česká spořitelna, J&T BANKA, Komerční banka and PPF banka from 20 June 2024. Due to the demand, KKCG is considering further bond issues at future date.