White & Case has advised P4 on establishing a bond issuance program with a total nominal value of up to PLN 3 billion, and on the issuance of PLN 700 million green bonds under the program.
P4 is the operator of Play network and a telecommunications provider in Poland.
According to White & Case, the C-series bonds have a five-year maturity, are unsecured, and carry a variable interest rate of WIBOR 6M plus a margin of 1.80% per annum, targeting qualified investors in Poland. The proceeds will be allocated in line with the green financing framework compliant with the International Capital Market Association Green Bond Principles adopted by Iliad Group, the parent company of P4. The bonds have been registered in the securities depository maintained by the National Depository for Securities and will be introduced to the alternative trading system of the Warsaw Stock Exchange.
The White & Case team in Warsaw included Partner Rafal Kaminski, Local Partner Bartosz Smardzewski, and Associate Michal Truszczynski.
