White & Case advises PKO Bank Hipoteczny on PLN 1 billion mortgage covered bonds issuance

Press Release
1 min read

Global law firm White & Case LLP has advised PKO Bank Hipoteczny S.A. on its PLN 1 billion issuance of mortgage covered bonds due March 22, 2028 and WIBOR 3M + 0.55% floating coupon.

The transaction represents the first issuance in 2024 of PLN-denominated covered bonds under PKO Bank Hipoteczny's €4 billion International Covered Bond Programme. Erste Group AG and PKO Bank Polski S.A. acted as joint bookrunners. The bonds are listed on the Luxembourg Stock Exchange and will be listed on the Warsaw Stock Exchange.

White & Case advised PKO Bank Hipoteczny on all three issuances during 2023 of PLN-denominated covered bonds under its International Covered Bond Programme.

The White & Case team which advised on the transaction included partners Marcin Studniarek (Warsaw) and Debashis Dey (Dubai & London), local partner Bartosz Smardzewski (Warsaw) and associates Dawid Książek, Michał Truszczyński (both Warsaw) and Ola Sanni (Dubai).

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