White & Case has advised the banks on the establishment of a EUR 5 billion international mortgage-covered bonds program by Komercni Banka and the issue of EUR 500 million 0.01% fixed rate mortgage-covered bonds due 2026 under the program. Allen & Overy advised Komercni Banka throughout the process.
The banks which participated in the establishment of the program consisted of arranger Societe Generale and dealers Barclays Bank Ireland PLC, J.P. Morgan AG, Komercni Banka, and Societe Generale. For the issue of the mortgage-covered bonds, the syndicate consisted of global coordinator and joint book-runner Societe Generale, joint book-runners Barclays Bank Ireland PLC and J.P. Morgan AG, and co-managers Nord L/B and Helaba.
The White & Case team consisted of, in Prague, Local Partner Petr Hudec and Associates Petr Smerkl and Jan Vacula, and in London, Partner Richard Pogrel and Associates Neha Saran, Tejal Velambath, and Nikita Thakrar.
Allen & Overy’s team included, in Prague, Partner Petr Vybiral, Associate Tomas Kirner, Junior Lawyers Tomas Janousek, David Mikyska, and Jan Mourek, and in London, Partner Jamie Durham and Senior Associate Louise Hennessey.