AmCham Slovakia

AmCham representatives met with Minister of Education, Science, Research and Sport Branislav Gröhling

On June 2, AmCham representatives met with Minister Branislav Gröhling to discuss common areas of interest and present opportunities for cooperation with the Ministry of Education. 

June 03, 2020

AmCham representatives met with Deputy Prime Minister & Minister of Finance E. Heger

On June 1, AmCham representatives met with Deputy Prime Minister & Minister of Finance Eduard Heger, State Secretary Marcel Klimek, Value for Money Department Director Stefan Kišš and General Director of Tax & Customs Department Daniela Klučková to discuss potential areas for cooperation.

June 01, 2020

Venture Capital in Slovakia and the impact of Covid-19 on Venture Capital

We invite you to listen to very first podcast of Allen&Overy Bratislava dedicated to Venture Capital in Slovakia and the impact of Covid-19 on this industry.

May 26, 2020

Law Firm of the Year for the Seventh Time

The EPRAVO Group s. r. o. publishing house, in cooperation with TREND weekly magazine, announced the 2020 winners of the 8th edition of the prestigious Law Firm of the Year contest on 13 May 2020. RUŽIČKA AND PARTNERS law firm claimed the top prize Domestic Law Firm of the Year for the seventh time. 

May 19, 2020

Allen & Overy has helped major Slovak banks to shape the Slovak covered bond market

In less than one year, Allen & Overy has helped major Slovak banks to shape the Slovak covered bond market.

Allen & Overy’s Capital Markets team in Bratislava (Renatus Kollár, Peter Jedinák, Róbert Vícen, Ján Deset and Marek Bojkovský) is delighted to have acted on all Slovak covered bonds transactions to date. Our team participated in the development of new regulations for covered bonds that came into force on 1 January 2018, which followed European Union standards and recommendations from the European Banking Authority, and advised Moody’s Investors Service on a legal analysis of the framework for rating purposes. Since then, Allen & Overy has acted as legal adviser to Slovenská sporiteľňa, a.s. on the establishment of the very first international debt issuance programme (EUR5 billion) by a Slovak bank and inaugural Aaa rated EUR500 million benchmark covered bond issuance. We also acted on the establishment of the Tatra banka a.s. EUR3 billion debt issuance programme, including its first EUR250 million privately placed covered bonds transaction, and as legal counsel to the dealers in the Všeobecná úverová banka, a.s. EUR5 billion covered bonds programme as well as its two EUR500 million benchmark transactions rated Aa2. Most recently, we advised to Prima banka Slovensko, a.s., on the establishment of its first international EUR1.5 billion covered bond programme and inaugural benchmark EUR500 million transaction rated Aaa, which was the first bond deal by any bank in Central and Eastern Europe priced with a negative yield.
 
Peter Jedinák, Counsel, commented: “Covered bonds bring substantial benefits in terms of stability and financing costs to the entire Slovak banking market. We are proud to have played an instrumental role in shaping the legal framework, documentation and market practice in the sector. This journey started with Slovenská sporiteľňa and its pioneering transaction, and continued through our roles on the transactions by Všeobecná úverová banka and Tatra banka. We have now successfully concluded the inaugural covered bonds transaction for Prima banka. Our immense gratitude goes to the clients for the trust and the partnership on these truly landmark and market-redefining transactions.”


For further information, please contact Monika Nagyova, at monika.nagyova@allenovery.com, tel. +421 2 5920 2410.
 

Allen & Overy Bratislava, s.r.o.