Bond writer at the bottom. Investors play vabank, less than a hundred million are at stake

Almost a hundred million crowns of creditors in a trap and a month indisposed company executive constantly apologizing for court proceedings. Such is the story of the bond issuer Český průmyslový holding, over which the Municipal Court in Prague declared bankruptcy at the end of January. The company has several “invisible”, so-called below-limit bond issues to its credit in recent years. Since last summer, the company has been promising creditors a turnaround in its business story for the better, either in connection with the finalization of a key transaction or the entry of a new investor. According to experts, this is only the visible tip of the current Czech “bond iceberg”.

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