J&T Bank plans to start selling its own bonds. The company secured approval for the move from the Czech National Bank to issue bonds totaling at CZK 25bn (€976m). Unlike its competitors, J&T Bank will not offer its bonds to other banks, but directly to its private and institutional clients, which could use it as alternative to time deposits. “The interest will be similar to time deposits, but the investors can offer bonds for sale any time at market prices,” says the bank’s spokeswoman Monika Veselá. The first emission, worth CZK 1bn, is scheduled for autumn. The bonds will come due in 20 years.
