Bond issue
Sosna Royal Invest series 11/2023
Summary of the issue. The following information is a brief and non-binding summary only. The rights and obligations of the issuer and bondholders are governed exclusively by the complete terms and conditions.
Unsecured obligations
The bonds constitute unsecured obligations of the issuer. Bondholders' claims are not insured in the same manner as bank deposits.
Czech National Bank
The Czech National Bank does not supervise this bond issue or the issuer.
| Issuer | Sosna Royal Invest a.s. |
|---|---|
| IČO | 117 05 281 |
| LEI | 315700BRNJ4QGLSSGE87 |
| ISIN | CZ0003556623 |
| Denomination | USD 1,000 |
| Bond form | Registered instrument |
| Physical form | Certificated security |
| Issue date | 1. 12. 2023 / 1 December 2023 |
| Final maturity | 36 months from the issuance date of the relevant bond, no later than 1 December 2027 |
| Interest through 26 May 2025 (incl.) | 25.0 % p.a. |
| Interest from 27 May 2025 | 10.0 % p.a. |
| Complete terms effective from | 27. 5. 2025 / 27 May 2025 |
| Status | Direct, general, unsecured, unconditional and unsubordinated obligations of the issuer |
| Administrator | The issuer, unless subsequently decided otherwise |
01
Basic issue information
Sosna Royal Invest a.s. issued certificated bonds series 11/2023 with ISIN CZ0003556623, denomination USD 1,000, as a registered instrument. Issue date is 1 December 2023.
02
Interest and maturity
The interest rate is 25.0% p.a. through 26 May 2025 (inclusive) and 10.0% p.a. from 27 May 2025. Interest is paid once at maturity together with the principal, under the complete terms and conditions. Final maturity is 36 months from the issuance date of the relevant bond, no later than 1 December 2027.
03
Status of the bonds
The bonds are direct, general, unsecured, unconditional and unsubordinated obligations of the issuer. They are not insured in the same manner as bank deposits.
04
Purpose of the issue
Proceeds from the issue are used to finance the issuer's real-estate investment activities across three regions (UAE, Florida, EU/CZ). A detailed description is set out in the complete terms and conditions.
05
Payments
Interest and principal payments are made under the conditions set out in the complete terms and conditions, which always prevail.
06
Transfer and bondholder records
The bonds are registered instruments; transfers and bondholder records are governed by the complete terms and conditions and applicable law.
07
Early repayment and repurchase requests
Any early repayment or repurchase requests are governed exclusively by the complete terms and conditions.
08
Bondholder meetings
Rules for convening, conducting and resolving bondholder meetings are set out in the complete terms and conditions and applicable law.
09
Notices
Official issuer notices are published in the Announcements section and in the manner set out in the terms and conditions.
10
Risk factors
An investment in the bonds involves risks, including market, credit, liquidity, legal, currency and operational risk. Repayment of the invested amount and achievement of the expected return are not guaranteed.
Purpose of the issue by region
Diversified use of proceeds
United Arab Emirates
Acquisition of investment apartments for long-term and short-term rental, off-plan acquisitions and subsequent resale to end users.
Florida, United States
Acquisition, renovation and resale of family and vacation properties, house flipping, build-and-sell projects, rental, management and long-term holding.
European Union and Czech Republic
Development land and building complexes, smaller residential projects, engineering, utility preparation, subdivision, renovation, resale and long-term rental.
The issuer focuses its investment portfolio on a combination of rental income, faster commercial realisations and long-term appreciation of real-estate assets. This focus does not constitute a promise of results.
11 · Downloads
Terms and related documents
The complete terms and conditions, amendments and further issuer documents are published in the Documents section. The valid complete version always prevails.
12 · Legal separation of entities
Legal notice
SOSNA ROYAL INVESTMENTS INC. and Sosna Royal Invest a.s. are separate legal entities. Each company is responsible for its own obligations. The parent-subsidiary relationship does not, in and of itself, constitute a guarantee of the subsidiary's obligations or of any bonds it has issued.
Risk disclosure
Investing in bonds involves risk. Repayment of the invested principal and achievement of any expected return are not guaranteed. Before making an investment decision, investors should carefully review the complete terms and conditions of the issue and all associated risks.
The Czech National Bank does not supervise this bond issue or the issuer.