The global industrial-technological group CZECHOSLOVAK GROUP a.s. (CSG), owned by Czech entrepreneur Michal Strnad, is preparing a new issuance of senior secured CZK bonds. The issuance, with an expected value of up to CZK 5 billion and the possibility of increasing to CZK 10 billion, is intended to strengthen the group’s capital structure and support its further growth in global markets.
Details of the Bond Issuance
CZECHOSLOVAK GROUP a.s. (the “Issuer” or “CSG”) has mandated a consortium of banks, including Česká spořitelna, a.s., J&T BANKA, a.s., Komerční banka, a.s., PPF banka a.s., and UniCredit Bank Czech Republic and Slovakia, a.s. (the “Joint Lead Managers”), to place a new issuance of five-year senior secured bonds with an expected total nominal value of up to CZK 5,000,000,000, with the possibility of increasing to CZK 10,000,000,000 (the “Bonds”). These bonds will be issued under Czech law, with a nominal value of CZK 10,000 per bond. The issuance is planned in the near future, subject to the approval of the prospectus by the Czech National Bank (CNB) and favorable market conditions.
Upon obtaining the necessary regulatory approvals, CSG plans to offer the bonds publicly in the Czech Republic and apply for their admission to trading on the Regulated Market of the Prague Stock Exchange. The issuance is coordinated by Česká spořitelna.
Further information will be published in accordance with regulatory requirements at: www.czechoslovakgroup.com, in the section For Investors → Bonds – Regulatory Disclosure → CSG 5.75/2030.
Strong Growth of CSG in 2024
CZECHOSLOVAK GROUP continues its dynamic development, solidifying its position as one of Europe’s leading industrial-technological players. The group focuses on strategically important sectors such as defense, aerospace, automotive, and ammunition production. In 2024, CSG achieved consolidated revenues of EUR 4 billion and EBITDA of EUR 1.1 billion. Including the full-year results of The Kinetic Group, a leading manufacturer of small-caliber ammunition acquired by CSG in November 2024, revenues amounted to EUR 5.2 billion and EBITDA to EUR 1.4 billion.
CSG operates production facilities in the Czech Republic, Slovakia, Spain, Italy, India, the United Kingdom, and the USA, with its products and services exported to over 60 countries worldwide. The group’s key activities include the development and production of military equipment, aerospace systems, special vehicles, and ammunition. CSG’s products and services are utilized in both the defense sector and civilian applications.
Information for Investors
The target market for the bonds includes eligible counterparties, professional clients, and retail clients as defined by MiFID II regulation. As the bonds are not a structured retail investment product under the PRIIPs regulation, no Key Information Document (KID) will be prepared. Additional details about the issuance will be published on the CSG website in accordance with regulatory requirements.
About CZECHOSLOVAK GROUP
The global industrial-technological group CSG, owned by Czech entrepreneur Michal Strnad, delivers technologies worldwide that contribute to a safer and more stable future. It focuses on the development and production of strategically important products, systems, and technologies in defense, aerospace, automotive, and other industries. With key production facilities in the Czech Republic, Slovakia, Spain, Italy, India, the United Kingdom, and the USA, CSG exports its products globally. The group continuously invests in the development of its companies while expanding its core business activities. Its key companies include the Czech automotive manufacturer Tatra Trucks, the Slovak artillery ammunition producer MSM Group, the U.S. small-caliber ammunition manufacturer The Kinetic Group, and the Czech radar manufacturer Eldis. CSG employs over 14,000 people across its integrated and affiliated companies. In 2024, the group’s consolidated revenues reached EUR 4 billion.
THIS IS A PROMOTIONAL COMMUNICATION
The bond prospectus of CZECHOSLOVAK GROUP a.s. is being prepared and submitted for approval to the Czech National Bank. Once approved, it will be made available to investors and published in accordance with Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (the “Prospectus Regulation”). Any investment in the Issuer’s bonds must be made solely on the basis of the prospectus approved by the Czech National Bank. The prospectus will be available in electronic form on the Issuer’s website www.czechoslovakgroup.com, in the section For Investors → Bonds – Regulatory Disclosure → CSG 5.75/2030 (https://czechoslovakgroup.com/en/for-investors#downloads) after its publication in accordance with the Prospectus Regulation.
This document does not constitute an offer to subscribe for or purchase any bonds or other securities and does not enable the existence of any offer or sale of bonds or other securities in any jurisdiction where such an offer or sale would be unlawful without the relevant approval or registration under the securities laws of that jurisdiction.
Share