White & Case advises PKO Bank Hipoteczny on PLN 500 million mortgage covered bonds issuance and precedent-setting International Covered Bond Programme update
White & Case LLP advised PKO Bank Hipoteczny on its PLN 500 million mortgage covered bond issuance and a pioneering update to its International Covered Bond Programme, enabling PLN-denominated dematerialized bond issuance on the local market with primary registration in the Polish National Depository System.
The transaction represents the first issuance following a precedent-setting update of PKO Bank Hipoteczny’s International Covered Bond Programme, which allows it to issue PLN-denominated dematerialized covered bonds on the local market with registration in the Polish National Depository System as primary depository.
PKO Bank Polski S.A. acted as a sole bookrunner and PKO Bank Polski S.A. Oddział – Biuro Maklerskie w Warszawie acted as issue agent.
The White & Case team in Warsaw which advised on the issuance and programme update included partner Marcin Studniarek, local partner Bartosz Smardzewski and associates Michał Truszczyński and Dawid Książek.
Contact:
Mariusz Mroczek
Senior Business Development Manager
White & Case M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k.
T: + 48 22 50 50 225; M: +48 785 019 225
E-mail: mariusz.mroczek@whitecase.com
