White & Case has advised issuer PKO Bank Hipoteczny and joint bookrunners Erste Group Bank and PKO Bank Polski on PKO Bank Hipoteczny's second PLN 500 million issuance of mortgage-covered bonds in 2023.
Country Update-Poland: Crypto-asset Regulation
The crypto-assets sector — which includes unbacked and asset-stabilised digital currencies, securities tokens, utility tokens, non- fungible tokens and services related to them — has potential benefits, but is turbulent. During 2022, it experienced valuation plunges, a stablecoin's collapse, the exchange FTX's bankruptcy and concerns about decentralised finance (DeFi) arrangements.
Closing: KI Chemistry’s Acquisition of Ciech Shares in Voluntary Tender Offer Now Closed
On June 29, 2023, Greenberg Traurig announced that KI Chemistry’s acquisition of Ciech shares in a voluntary tender offer (reported by CEE Legal Matters on May 3, 2023) had closed.
Cobalt Advises Storent Holdings on EUR 10.5 Million Bond Issuance
Cobalt has advised Latvian construction equipment rental company Storent Holdings on its EUR 10.5 million issuance of bonds with an 11% interest rate and December 2025 maturity as well as on their listing on the Baltic Bond List of Nasdaq Riga on June 27, 2023.
Schoenherr and Wolf Theiss Advise on Raiffeisen-Landesbank Steiermark EUR 500 Million Issuance
Schoenherr has advised the joint lead managers on Raiffeisen-Landesbank Steiermark’s EUR 500 million issuance of mortgage-covered bonds. Wolf Theiss advised the issuer.
Tsvetkova Bebov & Partners Advises Bulgarian-American Credit Bank on MREL Bond Issuance
Eversheds Sutherland member Tsvetkova Bebov & Partners has advised the Bulgarian-American Credit Bank on a EUR 15 million private placement of senior non-preferred MREL notes.
Kinstellar Helps Budapest Stock Exchange Go Public
Kinstellar has advised the Budapest Stock Exchange Plc on listing its shares in the BSE regulated market Standard category. The company went public on June 21, 2023, on the 33rd anniversary of its re-establishment.