CMS advises on the Slovak Republic’s groundbreaking EUR 3 billion bond issue

International law firm CMS is privileged to have supported J.P. Morgan SE, Slovenská sporiteľňa, a.s. (Erste Group), Tatra banka, a.s. (RBI Group) and UniCredit Bank GmbH as lead managers on the Slovak Republic’s bond issue of EUR 3 billion 3.75% notes due in 2034. This high-profile transaction marks not only the first syndicated bond issue of the year in the Slovak Republic but also incorporates the largest single tranche amount sold by the Slovak Republic, making it a groundbreaking start to the 2024 financial year.

The CMS team, who played a pivotal role in facilitating this milestone transaction, was led by CMS Bratislava partner Juraj Fuska, supported by lawyer Martin Melicher. This transaction also benefited from seamless cooperation with the CMS UK team, led by partner Michael Cavers and counsel Chris Whiteley, who provided advice on the English law aspects of the transaction.