Sat, Jul
42 New Articles

White & Case Advises Polish Ministry of Finance on EUR 2 Billion Green Bonds Issuance

White & Case Advises Polish Ministry of Finance on EUR 2 Billion Green Bonds Issuance

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

White & Case has advised the Polish Ministry of Finance on the EUR 2 billion issuance of 10 and 30-year Euro-denominated Green Bonds, maturing on March 7, 2029 and March 8, 2049 respectively. Clifford Chance reportedly advised lead managers and bookrunners Citi, ING, J.P. Morgan, PKO BP, Santander, and Societe Generale.

The buyers of the ten-year and 30-year Green Bonds were diversified, with, respectively, 47 percent and 43 percent of the allocations going to designated green accounts. Among the buyers were asset managers, banks, insurance and pension companies, central banks and public institutions, hedge funds, and other entities. 

The EUR 1.5 billion issuance of the ten-year Green Bond yields 1.057% with an annual coupon of 1%. The EUR 500 million issuance of the 30-year Green Bond yields 2.071% with an annual coupon of 2%.

According to White & Case, the bonds were issued under the Republic of Poland's EUR 60 billion Euro Medium Term Note Program and the proceeds will finance environmental projects according to the Green Bond Framework developed by the Ministry of Finance in line with the International Capital Market Association Green Bond Principles.

The White & Case team was led by Warsaw Local Partner Andrzej Sutkowski, supported by London-based Counsel Doron Loewinger. The team also included Warsaw Associates Katarzyna Grodziewicz and Damian Lubocki and London Associate Luiza Salata.    

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue