CFIG Real Estate from the CFIG financial and investment group is issuing its first bond issue worth CZK 250 million. The public issue will start on July 1, orders are open. The funds will be used for the development of real estate activities and the purchase of real estate in the company’s portfolio.
The company deals with the purchase of problematic real estate in auctions, foreclosures, insolvencies or direct buyouts. Subsequently, it removes legal defects in these properties, clears them of debts and reconstructs them. The property is then subleased or sold to end customers.
“The consolidated profit of the group last year reached CZK 92 million. We decided that the profit will not be distributed in the form of dividends, but will remain in the group for its further development. In April we were able to increase share capital to 123 million crowns. From this step, we promise to strengthen capital adequacy, “said the founder of the CFIG group, Martin Chovanec.
The CFIG Group entered the market in 2012. Its subsidiary CFIG Real Estate has been active in real estate since 2018. Since then, the portfolio of owned real estate has grown to higher tens and has a value of approximately CZK 220 million.
The bond will offer an annual appreciation of 7.5 percent with an annual payout and maturity as of June 30, 2026. The bonds are intended primarily for smaller retail investors, which corresponds to a nominal value of CZK 25,000.
