Allen & Overy has advised the UniCredit Bank Czech Republic and Slovakia on its EUR 500 million issuance of green mortgage-covered bonds. White & Case advised global coordinator UniCredit Bank AG as well as the joint lead managers.
Commerzbank Aktiengesellschaft, Danske Bank, Erste Group Bank, ING Bank Amsterdam, Landesbank Baden-Wuerttemberg, and UniCredit Bank AG acted as bookrunners and joint lead managers on the issuance. The bonds were placed with international investors.
According to Allen & Overy, "the issuance is a testament to UniCredit Bank’s commitment to ESG elements, with funds of the deal allocated to eligible projects in line with the respective Sustainability Bond Framework of UniCredit Group."
Back in October 2022, both Allen & Overy and White & Case had also advised on UniCredit Bank Czech Republic and Slovakia's previous EUR 500 million issuance of mortgage-covered bonds (as reported by CEE Legal Matters on October 26, 2022).
The Allen & Overy team was led by Partner Petr Vybiral and included Senior Associate Tomas Kafka and Junior Lawyer Jan Mourek.
The White & Case team was led by Prague-based Partner Petr Hudec and included Counsel Petr Smerkl and Associate Jan Vacula, as well as lawyers from the firm's Frankfurt office.