Global law firm White & Case has advised the State Treasury of the Republic of Poland in connection with the offering and sale of US$2 billion principal amount of 3.000% Notes due 2023. The offering was registered in the United States under the Republic of Poland’s shelf registration statement. Deutsche Bank Securities Inc., Goldman Sachs International and HSBC Bank plc acted as joint lead managers for the offering.

This offering by the State Treasury of the Republic of Poland is the second US registered bond offering of the Republic of Poland this year, following a successful US$1 billion offering in February 2012. White & Case also advised the Republic of Poland on this earlier transaction.

The transaction represents White & Cases' thirteenth sovereign offering so far this year, tapping the international capital markets for over US$15billion. This total includes offerings for Bulgaria, Latvia, Lithuania, State of Qatar, the Slovak Republic and Ukraine, in addition to Poland.

“We have been extremely active over the course of this year advising sovereigns across Europe, the Middle East and Africa. This transaction is the third time we have acted for the Republic of Poland in 2012, and in addition to our recent work advising Bulgaria, Qatar and Ukraine, underlines our reputation as the leading firm in sovereign advisory work,” said White & Case partner Doron Loewinger.

The White & Case team was led by London-based, US qualified partner Doron Loewinger, working closely with Warsaw partners Marcin Studniarek and Andrzej Sutkowski, and supported by London associate Michal Amir and by Warsaw associate Rafal Kaminski.

With an office in Warsaw since 1991, White & Case is one of the largest international law firms in Poland, advising leading Polish and international companies on the most complex cross-border and national transactions in the market.