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White & Case Advises PKO Bank Hipoteczny on First 2024 Mortgage-Covered Bond Issuance

White & Case Advises PKO Bank Hipoteczny on First 2024 Mortgage-Covered Bond Issuance

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White & Case has advised PKO Bank Hipoteczny on its PLN 1 billion issuance of mortgage-covered bonds – due March 22, 2028, with a WIBOR three-month+0.55% floating coupon – with joint bookrunners Erste Group and PKO Bank Polski.

According to White & Case, "the transaction represents the first issuance in 2024 of PLN-denominated covered bonds under PKO Bank Hipoteczny's EUR 4 billion International Covered Bond Program. The bonds are listed on the Luxembourg Stock Exchange and will be listed on the Warsaw Stock Exchange."

White & Case also advised PKO Bank Hipoteczny on all three of its 2023 issuances of PLN-denominated covered bonds under its International Covered Bond Programme (as previously reported by CEE Legal Matters on November 8, 2023, on July 4, 2023, and on February 15, 2023).

The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associates Dawid Ksiazek and Michal Truszczynski.

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