The operator of the Regal Burger restaurant Regal Group hasn’t paid off investors that bought €6.5m in bonds three years ago, money that was supposed to be used for expansion in the Czech Republic and Slovakia. This included opening a restaurant in the Bratislava shopping center Aupark. Hospodarske noviny writes that the bonds, which carried a coupon of 6.5 percent, should have been paid back in March, but that the company didn’t stick to the business plan it presented to investors. “I don’t like how they behave with investors. It’s like a return to the 1990’s,” one of them told the daily. The majority owner of Regal Group told HN that his ability to satisfy investors will depend on whether he’s able to sell the company’s property successfully. Bond holders have been lodging complaints at the Czech National Bank, not only against Regal Group but at the company Roklen, which operates the platform Fundlift through which the bonds were issued.
