Allen Overy Shearman Sterling has advised UniCredit Bank Czech Republic and Slovakia on the issuance of EUR 500 million mortgage covered bonds placed with international investors under its EUR 10 billion mortgage covered bond program. White & Case advised the joint lead managers.
According to A&O Shearman, rated Aa1 by Moody’s, the bonds carry a 4.5-year maturity with a one-year soft-bullet extension and are priced at EUR mid-swap +45 bps. Investor demand topped EUR 2 billion.
The A&O Shearman team included Partner Petr Vybiral, Associate Jan Mourek, and Junior Lawyer Sebastian Jakob.
The White & Case team included Partner Petr Hudec, Counsel Petr Smerkl, and Associate Anna Bezdekova.

