Passerinvest Group, a.s. , a leading development and investment company on the Czech market, has successfully completed the issue of PSG 7.60/28 bonds. The bonds were issued for 5 years with a total subscribed volume of CZK 750 million. The bonds were issued with a coupon rate of 7.60% p.a. and quarterly payment of coupons.
PASSERINVEST GROUP, the investment company and Czech builder behind the creation of BB Centrum (Brumlovka) in Prague 4, invested more than a quarter billion crowns in the modification and construction of the public space in 2020 and the first half of 2021. The amount of CZK 275 million crowns, without any state or other subsidies, was used for, among other things, repairs to Želetavska Street, the construction of the new Náměstí Ellen G. Whiteové, the installation of the moving sculpture “Brouk” (Beetle) and the reconstruction of Balance Club Brumlovka. In this way, the company is fulfilling its philosophy to build a sustainable, and environmentally- and user-friendly environment, which has been part of the company’s DNA from the very beginning.
PasserInvest is hoping to raise CZK 550 through a new bond issue which it plans to use in order to buy back buildings it developed and then sold in the BB Centrum complex in Prague 4.
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