White & Case has advised PKO Bank Hipoteczny on its PLN 750 million issuance of mortgage-covered bonds due November 2026.
This is the third issuance of PLN-denominated covered bonds under PKO Bank Hipoteczny’s EUR 4 billion international covered bond program in 2023. Erste Group and PKO Bank Polski were the joint bookrunners. The bonds are listed on the Luxembourg Stock Exchange and will be listed on the Warsaw Stock Exchange.
White & Case also advised on the previous two covered bond issuances by PKO Bank Hipoteczny in 2023, each with a value of PLN 500 million (as reported by CEE Legal Matters on July 4, 2023).
The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associate Michal Truszczynski, with further lawyers in Dubai and London.