Press Release

White & Case Advises Bank Consortium on €350 Million Bonds Issuance by PZU Finance AB (Publ)

Global law firm White & Case LLP has advised a consortium of banks that included Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs International, Santander GBM and Societe Generale Corporate & Investment Banking on the issuance by PZU Finance AB (publ) of registered bonds of a total nominal value of €350 million.

The bonds were issued on October 16, 2015 and bear interest at the fixed rate of 1.375 percent per annum. Interest on the bonds will be paid once a year and they will be redeemed on July 3, 2019. The bonds were listed on the regulated market of the Irish Stock Exchange on the basis of an issue prospectus approved by the Central Bank of Ireland. The bonds were assimilated with a previous bond issuance made by PZU Finance on July 3, 2014 and create a single series of bonds with a nominal value of €500 million. White & Case also advised on the previous bond issuance.

The White & Case team which advised on the transaction was led by partner Marcin Studniarek (Warsaw) and included partner Doron Loewinger (London) and associates Michał Petz, Magdalena Chałas (both Warsaw) and Catherine Andrews (London).

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