White & Case advises bank syndicate on €500 million mortgage covered bonds issuance by UniCredit Bank Czech Republic and Slovakia

Global law firm White & Case LLP has advised a syndicate of banks consisting of Danske Bank A/S, Erste Group Bank AG, Intesa Sanpaolo S.p.A., Raiffeisen Bank International AG, Société Générale and UniCredit Bank GmbH acting as joint lead managers on the issuance of €500 million 2.625% mortgage covered bonds due 2030 by UniCredit Bank Czech Republic and Slovakia, a.s. The issuance was carried out under the bank's updated €10 billion EMTN mortgage covered bond programme, with the bonds admitted to trading on the regulated market of the Luxembourg Stock Exchange. White & Case also advised UniCredit Bank GmbH as arranger and dealer on the update of the programme immediately prior to the issuance.

"The successful issuance highlights robust investor demand and underscores the stability of the covered bond market. We are pleased to continue supporting UniCredit Bank in their funding activities on the international capital markets," said White & Case partner Petr Hudec, who led the Firm's deal team.

The White & Case team advising on the transactions was led by partner Petr Hudec (Prague) and included partner Karsten Wöckener (Frankfurt), counsel Petr Šmerkl (Prague), associates Anna Bezděková (Prague) and Darleen Stöckl (Frankfurt), and legal intern David Eyem (Prague).

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