White & Case has advised the joint bookrunners on PKO Bank Polski's green issuance of EUR 750 million 3.875% senior non-preferred notes due 2027. A&O Shearman advised PKO Bank Polski.
The joint bookrunners were Banco Santander, Erste Group Bank, HSBC Continental Europe, Landesbank Baden-Wuerttemberg, and Powszechna Kasa Oszczednosci Bank Polski.
According to White & Case, "the notes issuance was executed under PKO Bank Polski's EUR 4 billion medium-term note program, which was updated in 2024. The notes are listed on the Luxembourg Stock Exchange and will also be listed on the Warsaw Stock Exchange. An amount equal to the net proceeds from the issuance will be allocated to financing the eligible assets portfolio under PKO Bank Polski's green bond framework."
Earlier in 2024, White & Case advised PKO Bank Hipoteczny on PLN 500 million mortgage-covered bonds issuance (as reported by CEE Legal Matters on July 18, 2024) as well as on its PLN 1 billion issuance of mortgage-covered bonds (as reported by CEE Legal Matters on April 5, 2024). The firm also advised PKO Bank Hipoteczny on all three of its 2023 issuances of PLN-denominated covered bonds under its International Covered Bond Program (as previously reported by CEE Legal Matters on November 8, 2023, July 4, 2023, and February 15, 2023).
The White & Case team included Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associates Michal Truszczynski and Dawid Ksiazek as well as further team members in London.
The A&O Shearman team included Partner Arkadiusz Pedzich, Counsel Lukasz Walczyna, and Associate Alicja Urbanska.
