Global law firm White & Case LLP has advised Commerzbank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Landesbank Baden-Württemberg, as Joint Lead Managers, on the inaugural issuance of €500 million, 0.01% covered (mortgage) bonds due in 2026 by Prima banka Slovensko, a.s., a Slovakia-based bank.
The bonds were admitted to trading on the Luxembourg Stock Exchange.
"A loosened regulatory environment has led to increased activity in the issuance of Slovak covered bonds on the international markets, and our role advising on this successful deal strengthens our reputation as the go-to firm for transactions of this type," said White & Case partner Juraj Fuska who led the Firm's deal team.
This was the first negative yield-to-maturity bond issuance in the Slovak Republic as well as Central and Eastern Europe.
The White & Case team that advised on the transaction was co-led by partners Juraj Fuska (Bratislava) and Stuart Matty (London), and included associates Radoslav Pálka (Bratislava) and Hashim Eltumi (London).
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