A&O Shearman has advised Bank Gospodarstwa Krajowego on the successful issuance of EUR 1.5 billion 3.875% notes due 2035, and EUR 750 billion 4.250% notes due 2044, with Banco Santander, BNP Paribas, ING, J.P. Morgan and Societe Generale as the joint lead managers. Linklaters advised the joint lead managers.
Bank Gospodarstwa Krajowego is the Polish state development bank.
According to A&O Shearman, these notes, guaranteed by the State Treasury of the Republic of Poland, will finance the COVID-19 Response Fund.
The A&O Shearman team included Partner Arkadiusz Pedzich, Counsel Lukasz Walczyna, and Associate Alicja Urbanska.
The Linklaters team included London-based Partner Simon Few and Managing Associate Tilak Shah and Warsaw-based Managing Associate Szymon Renkiewicz.
