Secured by EFI Hotels & Properties, a.s. shares
The e-Finance, a.s. group is a real estate investment group that has been investing for over 20 years in properties located in attractive areas of the Czech Republic, such as commercial and administrative buildings, hotels, and residential properties.
The portfolio of completed and leased properties of the e-Finance, a.s. group already exceeds the value of 1,98 billion crowns, and the future value of real estate projects in preparation and construction exceeds the value of 2,64 billion crowns. Our current investment portfolio of properties owned by e-Finance can be viewed here.
Why e-Finance?
According to the audited financial statements for the period 2024
for income properties
external sources on the value of the portfolio
on the investment property market
from bonds for the public
After the implementation of planned investments
commercial and residential properties
Annual yield
e-Finance CZ Secured EFI 37 Bonds with an annual interest rate of up to 9%
Investment due on 1.11.2028
- investment from 50,000 CZK
- annual interest 9% for the first yield period (1.10.2025 to 31.10.2026)
- annual interest 8% for the second yield period (1.11.2026 to 31.10.2027)
- annual interest 7% for the third yield period (1.11.2027 to 31.10.2028)
- bonds are secured by shares of the hotel and real estate group EFI Hotels & Properties, a.s.
- the bond can be repaid early at any time
- the issuer of the bond is the business corporation e-Finance CZ, a.s.
- information at tel 515 555 555 or by email info@e-finance.eu
How much do you want to invest?
e-Finance CZ Secured EFI 38 Bonds with an annual interest rate of up to 9%, 8%, and 7%
The company e-Finance CZ is issuing the e-Finance CZ Secured EFI 37 bond series as of September 1, 2025, within the e-Finance CZ bond program. The e-Finance CZ Secured EFI 37 bonds can be ordered from July 7, 2025.
Interest Yield
The bonds carry a fixed appreciation of 9% p.a. for the first yield period (10/1/2025 to 10/31/2026), 8% p.a. for the second yield period (11/1/2026 to 10/31/2027), and 7% p.a. for the third yield period (11/1/2027 to 10/31/2028). The stated interest is fixed for the entire period and does not change regardless of any potential decrease in bank interest rates. The interest will be paid to the bondholder on 11/1/2026, 11/1/2027, and 11/1/2028.
Form of Bonds
The bonds are issued in paper form, registered to a name, and are freely transferable by endorsement, with the transfer not requiring approval and not being subject to any fees. Subscription of the bond is also carried out without any fees.
Subscription and Purchase of Bonds
First, you conclude a contract for the subscription and purchase of bonds, then you pay the issue price of the subscribed bonds, either by transfer to the account specified in the contract or in cash (cash only up to the equivalent of 250,000 CZK), and subsequently, the bonds will be handed over to you. The bonds can also be sent by mail as insured valuable shipments. The nominal value of one bond and the minimum amount of investment is 50,000 CZK. The contract for the subscription of bonds can be concluded directly at the headquarters of e-Finance CZ, a.s. in Brno at Bratislavská 234/52, or at the Prague branch in the City Empiria building, Na Strži 1702/65, Prague, or in correspondence form or after filling out the order form below.
Investment Opportunity Secured by Lien
The investment and real estate group e-Finance, a.s. is introducing three-year bonds secured by a lien on the shares of the hotel group EFI Hotels & Properties, a.s. to the Czech investment market.
The issuance of e-Finance Bonds secured by a lien on the shares of the EFI Hotels & Properties, a.s. group offers investors the opportunity to invest their funds with a three-year horizon at a 9% annual interest rate in the first year, 8% annual interest rate in the second year, and 7% annual interest rate in the third year. The interest is paid once a year. This yield is fixed and is not tied to the decreasing base rate of the Czech National Bank, from which savings account rates are commonly derived in the market. The offer is valid until the subscription of the entire planned bond volume of 400 million CZK. According to the bond prospectus, which was approved by the Czech National Bank on March 4, 2024, the total value of issued and unpaid bonds will not exceed 800 million CZK.
Audit of Consolidated Financial Statements
The EFI Hotels & Properties, a.s. group audits its consolidated financial statements with the renowned international company BDO Audit s.r.o. with an auditor's opinion of "unqualified." You can find the audited consolidated financial statements available for download below.
Investment Assets of the EFI Hotels & Properties Group, a.s.
According to the audited consolidated financial statements for the year 2023, which you can download below, EFI Hotels & Properties, a.s. holds assets valued at 1.36 billion CZK.
The largest portion of the assets consists of real estate valued at 1.15 billion CZK.
The equity of EFI Hotels & Properties, a.s. is, according to the audited financial statements, 821 million CZK. The assets of the EFI Hotels & Properties Group, a.s. consist of 100% shares in hotel and real estate corporations. The value of these shares was determined in 2023 by expert opinions prepared by the renowned expert institute ZNALCI A ODHADCI – znalecký ústav, spol. s r.o. The reports can be found for download below.
Subsidiaries of EFI Hotels & Properties, a.s. operate and manage hotels and rental properties, offices, commercial spaces, and apartments under the well-known EFI brand.
All properties belonging to the EFI Hotels & Properties Group, a.s. are in excellent condition, functional, and approved, and are operated with a positive EBITDA indicator.
Utilization of Investment Funds
The investment and real estate corporation e-Finance, a.s. has been operating in the market for 24 years. The funds obtained from bond issues are used for investments exclusively associated with commercial real estate such as hotels, apartment buildings, office and commercial spaces, which are operated under the well-known and reputable EFI brand.
If you start investing with e-Finance, a.s., you will participate in the returns from commercial real estate. Investing with us will always bring you an attractive interest rate with reasonable security in real assets. In the future, we will preferentially offer our investors the opportunity to subscribe to shares of the EFI Hotels & Properties Group, a.s. If you take advantage of it, you will become direct owners of EFI Hotels & Properties, a.s. with a regular annual dividend.
Bond Buyback
The corporation e-Finance, a.s. also guarantees the buyback of bonds if you need the invested funds or a part of them earlier. This buyback is charged according to the terms of the approved bond prospectus and specific issuance conditions.
Investor Benefits
Every investor investing in the issues of secured bonds of e-Finance, a.s. receives a voucher for a 20% discount on up to a five-day stay for 6 people at any EFI Hotels, see www.efihotels.com.
Every quarter, we send our investors our Investment Bulletin, where we regularly inform them about our results and introduce them to other investment opportunities. You can find the latest issue of our Investment Bulletin HERE.
Documents for Download
Approval by CNB
The base prospectus of bonds was approved by the Czech National Bank as the competent authority under Regulation (EU) 2017/1129.
Complete decision of the CNB on the approval of the base prospectus of the bond offering program
The Czech National Bank approves this prospectus only in terms of its compliance with the standards of completeness, comprehensibility, and consistency imposed by Regulation (EU) 2017/1129. This approval should not be understood as an endorsement of the quality of the securities that are the subject of this prospectus. Investors should make their own assessment of the suitability of investing in these securities. We recommend that potential investors read the prospectus before making an investment decision to fully understand the potential risks and returns associated with the decision to invest in securities.
Complete Information
Download: e-Finance CZ 2025 Prospectus
The data presented in the consolidated balance sheet of EFI Hotels & Properties, a.s. on pages no. 30 and 48, marked as the previous accounting period, are data for the period ending 27.6.2023.
Download: Final Terms of the e-Finance CZ Secured EFI 38 Bond Issue.pdf
The issuance conditions can also be reviewed at the issuer's headquarters at Bratislavská 234/52, Brno, where they are available free of charge in brochure form and on an electronic data carrier CD.
Bond pre-order
Request for information
Currently, e-Finance offers the following types of bonds:
One-year bonds with a yield of 7%
Investment due on March 1, 2027
- investment from CZK 50,000
- annual interest 7%
- one-year bonds
- bond can be repaid early at the end of the interest period
- bond issuer is the business corporation e-Finance Group
- information by phone 515 555 555 or by email info@e-finance.eu
Two-year bonds secured by Račice Castle with yield up to 8 %
Investment due on October 1, 2027
- investment from CZK 50,000
- annual interest 8% for the first yield period (October 1, 2025 to September 30, 2026)
- annual interest 7% for the second yield period (October 1, 2026 to September 30, 2027)
- bonds are secured by Račice Castle properties
- bond can be repaid early at any time
- the issuer of the bond is the business corporation e-Finance Group
- information by phone 515 555 555 or by email info@e-finance.eu
Three-year bonds secured by Račice Castle with a high yield of up to 9 %
Investment due on November 1, 2028
- investment from CZK 50,000
- annual interest 9% for the first yield period (October 1, 2025 to October 31, 2026)
- annual interest 8% for the second yield period (November 1, 2026 to October 31, 2027)
- annual interest 7% for the third yield period (November 1, 2027 to October 31, 2028)
- bonds are secured by Račice Castle real estate
- bond can be repaid early at any time
- the issuer of the bond is the business corporation e-Finance Group
- information by phone 515 555 555 or by email info@e-finance.eu
Three-year bonds secured by EFI Hotel & Properties shares with a high yield of up to 9 %
Investment due on November 1, 2028
- investment from CZK 50,000
- annual interest 9% for the first yield period (October 1, 2025 to October 31, 2026)
- annual interest 8% for the second yield period (November 1, 2026 to October 31, 2027)
- annual interest 7% for the third yield period (November 1, 2027 to October 31, 2028)
- bonds are secured by shares of the hotel and real estate group EFI Hotels & Properties, a.s.
- the bond can be repaid early at any time
- the issuer of the bond is the business corporation e-Finance Group
- information by phone 515 555 555 or by email info@e-finance.eu
Four-year anti-inflation bonds e‑Finance CZ
Investment due on October 1,2029
- investment from CZK 50,000
- annual interest INFLATION + 1% is paid out every year
- the bond can be repaid early at the end of the interest period
- the bond issuer is the business corporation e-Finance Group
- information by phone 515 555 555 or by email info@e-finance.eu
Questions and Answers
Our strategy is to invest in real estate in the Czech Republic, either to increase its value through renovation and subsequent sale, or for the purpose of holding and renting the properties. We are also involved in the development of apartment buildings and family houses. Specific projects we are working on, including photo documentation, can be found HERE.
On the back of the bond, there is a table listing the details of the first owner. You need to enter the new owner's details below this table and sign it by hand. This must be done on each bond you wish to transfer. A sample of how to fill it in can be found here:
The new owner must then provide us with proof of the transfer and inform us of the bank account number where they wish to receive interest payments and the bond principal repayment.
When transferring bonds, please pay close attention to the record dates to ensure that you notify us of the transfer well in advance of the interest payment or maturity date.
If you find such bonds, inform the notary handling the inheritance proceedings and provide all relevant details, such as the serial numbers of the bonds. The notary will contact us, and we will provide them with all necessary information. It is possible that the bonds have already been repaid, but if they are still outstanding, we will repay the full principal and interest to the rightful heirs under the same conditions as we would have to the original owner.