Shares, bonds and financing · Czechia
Bond issuance in Czechia
Finance a project or company growth through bonds instead of a bank. We prepare the entire issue: structuring, forming the issuing company, bond terms under the Czech Bonds Act and subscription documents. You communicate with investors; we handle the legal framework.
- Lawyer admitted to both the Czech and Slovak Bar Associations
- Practical experience structuring bond issues
- Prices agreed upfront
What we'll do for you
Complete legal preparation of the issue. We adapt the scope to what you already have. If the issuer exists, we do not spend time establishing the structure.
Select an item to see the details.
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Issue structuring
Issuer (an existing company or SPV) and bond parameters — nominal value, interest, maturity and security.
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Issuing company formation
If you issue through an SPV, we arrange a Czech s.r.o. or a.s. from start to finish, including the notary.
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Bond terms
Under the Czech Bonds Act, tailored to your parameters rather than a recycled template.
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Assessing prospectus requirements
Whether your offer requires a prospectus approved by the Czech National Bank (ČNB), or can be structured without one. We explain upfront, rather than after a problem arises.
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Subscription documents
Bond subscription agreements, investor forms and procedures for delivering and recording bonds.
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Security for the issue
Pledges or mortgages, a parent company surety or a security agent, depending on what you offer investors.
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Rules for offering to investors
How you may communicate the issue and to whom — including offering a Czech issue to Slovak investors.
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Delivery and guidance
A complete issuance file and instructions on using the documents for each subscription.
Deliverablecomplete issuance file and instructions on using the documents for each subscription
How it works
Does this process fit your matter? Describe it to the attorney →
- Consultation and structureday 0
We discuss your plans: how much you need, for what purpose and which investors you will approach. We propose the issue and issuer structure and explain whether a prospectus is required.
- Issuer
If you issue through a new company, we arrange its formation in full. If the issuer exists, we skip this step.
- Bond terms and documents
We prepare bond terms, subscription agreements and security documents. We refine the wording with you — issue parameters are a commercial decision; we oversee the legal framework.
- Arranging the offer
Based on the investor group, we structure the offering process to comply with public offering rules.
- Launching subscriptions
We deliver the issuance file and remain available for initial subscriptions and throughout the issue's life — from interest payments to redemption.
No-obligation enquiry
Ready to start?
Send us an enquiry. We reply within 24 hours with a price confirmation and next steps. The first 30-minute consultation is free and commits you to nothing.
- 1Send your enquiry via this form
- 2Within 24 h you get a price confirmation and plan
- 3We start work only after your approval
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Or email us about this matter.
What clients ask
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Do I need a prospectus approved by the ČNB?
This depends on issue size and the offering method. Smaller issues and offers to a limited investor group can be structured without a prospectus; larger issues or broad public offers trigger a prospectus requirement. Assessment forms part of the initial consultation — you find out before spending anything on preparation.
Can a Slovak company issue bonds in Czechia?
Yes, in practice most often through a Czech issuing company, which we form for you. We arrange the relationship between the Slovak parent and Czech issuer, including suretyship and fund flows, within the structure.
How long does preparing an issue take?
A straightforward issue with an existing issuer takes weeks from receipt of the documents. If we are forming the issuer or establishing security, allow longer — you receive a precise timetable with the price.
Must the bonds be secured?
No — this is your commercial decision towards investors. However, a secured issue, using a pledge, mortgage or suretyship, is easier to sell. We prepare either version and explain the practical implications.
Can I offer the issue publicly on a website or social media?
Public offers have their own rules and thresholds, breaches of which are sanctioned by the ČNB. We determine how you may communicate the issue according to its parameters — this forms part of the service.
Will you also help during the issue's life?
Yes — amendments to bond terms, bondholder meetings, early redemption or refinancing through another issue. Our work together continues after issuance.
Legal Q&A
Common questions on this topic
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When do we need a prospectus for a bond issue?
Slovakia's volume exemption applies to public offers with total consideration in the EU below EUR 5,000,000 per issuer or offeror over the relevant 12-month period. Relevant offers are aggregated under Article 3(2c) of the Prospectus Regulation; offers for which a prospectus has been published and offers exempt under Article 1(4) are excluded. If you rely on the volume exemption under Section 120(2), the prescribed document must be submitted to the NBS and made available to the public. Duties under other exemptions must be assessed separately.
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Can our s. r. o. buy back its own business interest and hold it for future employees?
No. A limited liability company cannot acquire its own business interests unless the law exceptionally provides otherwise (Section 120(1) of the Commercial Code), so an s. r. o. cannot create an equity pool for future employees. Its participation programme must use another structure: options over existing members' interests, phantom equity, or conversion to a simple joint-stock company.
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Can we offer employees shares below their issue price?
Yes. A general meeting resolution increasing share capital may approve employees acquiring a specified number of shares below their issue price, provided the company covers the difference from its own resources (Section 204(4) of the Commercial Code). Existing shareholders' pre-emption rights are not an obstacle: by law, issuing shares to employees constitutes an important company interest justifying their exclusion.
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Further reading
Listing Act from 5 June 2026: what changes for Slovak issuers and what does not
European prospectus rules change from 5 June 2026. Slovakia’s EUR 5 million threshold remains, however, making some headlines about EUR 12 million misleading for Slovak businesses. What actually changes.
Read more →
Corporate bonds in Czechia: why Slovak developers issue across the border
A bond issue is an established way to finance a development project without waiting for a bank. How Czech issues work, what they involve for the issuer and when they also make sense for a Slovak company.
Read more →
NBS scrutinised corporate bond sales: what distributor inspections revealed
Corporate bonds commonly enter Slovak retail investors’ portfolios. NBS issued a distribution benchmark and found full implementation at only one of nine distributors inspected. Implications for issuers and sellers.
Read more →