Bank Gospodarstwa Krajowego Issues EUR 2.25 Billion Notes with A&O Shearman's Guidance
Deal News | Apr 11, 2025 | CEE Legal Matters
Allen Overy Shearman Sterling has provided legal counsel to Bank Gospodarstwa Krajowego for its EUR 2.25 billion dual-tranche fixed-rate guaranteed notes issuance. The issuance includes EUR 1.25 billion 3.25% notes due in 2030 and EUR 1 billion 4.25% notes due in 2037, both of which are guaranteed by the State Treasury of Poland. The funds raised from this issuance will back the Aid Fund and the National Road Fund. The transactions are conducted with the support of joint lead managers Citi, Commerzbank, ING, J.P. Morgan, and Societe Generale, and the notes are listed on the Luxembourg Stock Exchange. The advisory team from Allen Overy Shearman comprised of Managing Partner Arkadiusz Pedzich and Counsel Lukasz Walczyna based in Warsaw.
Sectors
- Financial Services
- Legal Services
Geography
- Poland – Bank Gospodarstwa Krajowego and the backing by the State Treasury of Poland indicate Poland's significant role in the transaction.
- Luxembourg – The notes are listed on the Luxembourg Stock Exchange, making Luxembourg relevant to the transaction.
Industry
- Financial Services – The article discusses the financial issuance of notes by a bank, which falls under the Financial Services industry.
- Legal Services – The issuance was advised by a law firm, making Legal Services a relevant industry classification.
Financials
- EUR 2.25 billion – The total amount of the dual-tranche fixed-rate guaranteed notes issuance.
- EUR 1.25 billion – The value of the notes due in 2030 with a 3.25% rate.
- EUR 1 billion – The value of the notes due in 2037 with a 4.25% rate.
- 3.25% – Interest rate for the notes due in 2030.
- 4.25% – Interest rate for the notes due in 2037.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bank Gospodarstwa Krajowego | Target Company | Company | A Polish bank involved in the issuance of notes. |
| Allen Overy Shearman Sterling | Legal Advisor | Company | The law firm advising on the notes issuance. |
| Citi, Commerzbank, ING, J.P. Morgan, Societe Generale | Joint Lead Managers | Company | Financial institutions managing the issuance process. |
| State Treasury of the Republic of Poland | Guarantor | Government | The government body guaranteeing the notes. |