Biography
David Mikyska, an associate of the Prague office, is a member of the Capital Markets Practice Group.
David has extensive experience advising financial institutions and industry associations on derivatives and related regulation. He has advised both managers and issuers on the issuance of bonds, including covered bonds and high-yield bonds. David has represented clients on several IPOs.
David has provided advisory services regarding securities, derivatives, and the provision of investment services to both private and public sector clients. He has also been focused on ESG regulation.
David has also taken on pro bono work in family and contractual disputes, as well as environmental projects and access to justice initiatives.
Experience
His experience includes advising the following clients on the matters listed below:
IDS Financing from the IDS Group, which includes Royal Mail and GLS, as issuer on the simultaneous issuance of €750 million 4.000 per cent. fixed rate notes due 2032 and €650 million 3.250 per cent. fixed rate notes due 2029, both admitted to trading on the main market of the London Stock Exchange. The notes were issued under an EMTN programme established immediately prior to the issuances, on which we also advised. BNP Paribas, Citigroup, Crédit Agricole, Intesa Sanpaolo, Société Générale and UniCredit Bank acted as joint lead managers.
Slovenské elektrárne on the establishment of its €2 billion EMTN programme, and the successful debut issue of €750 million 3.875 per cent. green bonds due 2032 under the programme. The bonds are admitted to trading on the regulated market of Euronext Dublin. BNP PARIBAS, Crédit Agricole Corporate and Investment Bank, Intesa Sanpaolo, Société Générale and UniCredit Bank acted as joint lead managers and joint bookrunners. The offering was more than six times oversubscribed, with investor orders exceeding €4.8 billion.
BNP PARIBAS, J.P. Morgan and Morgan Stanley Europe as joint global coordinators, joint physical bookrunners and initial purchasers, and UniCredit Bank as joint bookrunner and initial purchaser, on the issuance of senior secured notes by Czechoslovak Group. The transaction involved the issuance of USD 1 billion 6.500 per cent. senior secured notes due 2031 and EUR 1 billion 5.250 per cent. senior secured notes due 2031, offered under Rule 144A and Regulation S. The notes benefit from a comprehensive collateral package and had to be integrated into the group's overall financing structure.
EMMA Finance CZ and EMMA Finance SK, special purpose vehicles of EMMA Capital, in connection with the establishment of the first Czech-law-governed dual-issuer CZK 7.5 billion note programme and concurrent debut issuances of CZK- and EUR-denominated senior guaranteed and secured notes under the programme. The transaction involved issuance of CZK 2.5 billion 6.00 per cent. notes due 2030 by Emma Finance CZ, and of EUR 50 million 5.25 per cent. notes due 2030 by Emma Finance SK. The notes were offered to retail and institutional investors in the Czech and Slovak markets and are admitted to trading on the regulated market of the Prague Stock Exchange.
EP Infrastructure (EPIF) on the establishment of its EMTN programme and the successful issuance of €600 million 4.125 per cent. green bonds due 2033 under the programme. Investor demand exceeded €3.2 billion. The issuance marks EPIF's successful return to the capital markets, following its previous standalone issuances, including the €500 million 2.045 per cent. notes due 2028, €600 million 1.698 per cent. notes due 2026 and €500 million 1.816 per cent. notes due 2031, on which we also advised.
An international syndicate of banks – comprising Erste, LLBW, Helaba, Société Générale and UniCredit as joint lead managers, and NORD/LB as co-manager – on the issuance of €750 million 2.750 per cent. fixed-rate mortgage covered bonds by Komerční banka. The bonds, which carry a AAA rating by Fitch and the European Covered Bond (Premium) label, were largely oversubscribed. They were issued under Komerční banka's EMTN programme, on the establishment and update of which we also advised, and are listed on the Luxembourg Stock Exchange.
Accolade Group on its CZK 2.5 billion issuance of 6.875 per cent. green notes due 2031. The notes were issued by Accolade Finco Czech and guaranteed by Accolade Holding. The proceeds will be used to finance or refinance Accolade's green buildings and renewable energy projects. The notes were offered to both retail and institutional investors, attracting strong demand and leading to an increase in the total nominal value.
Komerční banka, UniCredit Bank Czech Republic and Slovakia and Česká spořitelna as joint lead managers, and Privatbanka as co-manager, on the issuance of CZK 1.25 billion 6.20 per cent. guaranteed notes by Dr. Max, a leading European pharmacy chain. The notes were issued under Dr. Max's newly established CZK 20 billion note programme, on which we advised earlier in 2025. The notes, issued by Dr. Max Funding CR and guaranteed by its parent company Dr. Max Group Holdings, are listed on the regulated market of the Prague Stock Exchange.
Goldman Sachs Bank Europe and J.P. Morgan as joint lead managers on the issue of €100 million fixed-to-floating rate Tier 2 subordinated notes due 2035 by MONETA Money Bank, a Czech-based publicly traded bank. The notes were admitted to trading on the Luxembourg Stock Exchange.
Accolade Group in connection with the establishment of its CZK 5 billion bond programme and the subsequent issuance of CZK 1.875 billion 6.937 per cent. fixed rate green bonds due 2030 by Accolade Finco Czech 1 thereunder. The notes are guaranteed by Accolade Holding and are admitted to trading on the Prague Stock Exchange.
BNP PARIBAS, Goldman Sachs Bank Europe, J&T BANKA, Morgan Stanley Europe and UniCredit Bank, as joint lead managers, and Raiffeisen Bank International and WOOD & Company Financial Services, as co-managers, on J&T BANKA's EUR 300 million senior preferred MREL-eligible notes due 2031 and cash tender offer related to its outstanding EUR 120 million senior preferred MREL-eligible notes due 2026. The notes were issued under J&T BANKA's EUR 3 billion EMTN programme and listed on the regulated market of the Luxembourg Stock Exchange.
MIKYSKA, David, VYBÍRAL, Petr, SPRINZ, Petr. § 3 [Osobní působnost zákona]; § 80 [Účinky na nesplněné smlouvy]. In: SPRINZ, Petr, JIRMÁSEK, Tomáš, ZOUBEK, Hynek a kol. Zákon o preventivní restrukturalizaci. 1. vydání. Praha: C. H. Beck, 2025.