White & Case has advised Powszechna Kasa Oszczednosci Bank Polski as the issuer on a PLN 1.5 billion (approximately EUR 350 million) subordinated capital bonds issuance.
According to White & Case, "the bonds were offered to qualified investors through a non-prospectus public offering and will be introduced to trading on the Warsaw Stock Exchange’s alternative trading system. The bonds are registered with the National Depository for Securities. They will be qualified as the issuer's tier II instruments upon approval from the Financial Supervision Authority."
Recently, the firm advised PKO Bank Hipoteczny on its PLN 500 million issuance of mortgage-covered bonds due October 24, 2028 (as reported by CEE Legal Matters on October 30, 2024). Earlier this year, White & Case advised on PKO Bank Polski’s EUR 750 million green notes issuance (as reported by CEE Legal Matters on September 24, 2024), on a PLN 500 million mortgage-covered bonds issuance (as reported by CEE Legal Matters on July 18, 2024), and on its PLN 1 billion issuance of mortgage-covered bonds (as reported by CEE Legal Matters on April 5, 2024). Moreover, White & Case advised the joint bookrunners on PKO Bank Polski’s EUR 500 million notes issuance (as reported by CEE Legal Matters on June 27, 2024) and advised the joint bookrunners on PKO Bank Polski's earlier EUR 500 million issuance (as reported by CEE Legal Matters on April 10, 2024). Finally, 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 in Warsaw included Partner Grzegorz Abram, Local Partner Pawel Zagorski, and Associate Maciej Kujawa.
