White & Case has advised joint bookrunners Citigroup Global Markets Europe, Danske Bank, PKO Bank Polski, Societe Generale, UBS Europe, and UniCredit Bank on PKO Bank Polski’s EUR 750 million 3.375% senior preferred notes issuance due 2028. Allen & Overy Shearman Sterling reportedly advised PKO Bank Polski on the issuance.
According to White & Case, the issuance is under PKO Bank Polski’s EUR 4 billion euro medium-term note program. The notes are listed on the Luxembourg Stock Exchange and will additionally trade on the Warsaw Stock Exchange.
In 2024, White & Case advised PKO Bank Polski on PLN 1.5 billion subordinated capital bonds issuance (as reported by CEE Legal Matters on October 31, 2024), on PKO Bank Hipoteczny’s PLN 500 million issuance of mortgage-covered bonds due October 24, 2028 (as reported by CEE Legal Matters on October 30, 2024), on PKO Bank Polski’s EUR 750 million green notes issuance (as reported by CEE Legal Matters on September 24, 2024), on its PLN 500 million mortgage-covered bonds issuance (as reported by CEE Legal Matters on July 18, 2024), on its PLN 1 billion issuance of mortgage-covered bonds (as reported by CEE Legal Matters on April 5, 2024), on its EUR 500 million notes issuance (as reported by CEE Legal Matters on June 27, 2024), and its earlier EUR 500 million issuance (as reported by CEE Legal Matters on April 10, 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 Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associate Michal Truszczynski as well as London-based Partner Stuart Matty and Counsel James Clarke.
