Allen Overy Shearman Sterling has advised Bank Polska Kasa Opieki on its successful issuance of EUR 500 million in 3.750% senior non-preferred fixed-to-floating rate notes due 2031. Bank Pekao, Commerzbank, J.P. Morgan, Societe Generale, and UniCredit were the joint lead managers. Baker McKenzie reportedly advised the banks.
According to A&O Shearman, the notes were placed with a broad base of international investors, with the offering attracting strong demand, reflecting sustained investor confidence in both Bank Pekao and the Polish banking sector.
The A&O Shearman team included Warsaw-based Partner Arkadiusz Pedzich, Counsel Lukasz Walczyna, and Associate Filip Glowka as well as London-based Partner Jamie Durham.