Bank Pekao Issues PLN 750 Million Bonds with White & Case's Counsel
Deal News | May 09, 2025 | White & Case LLP
White & Case LLP, a global law firm, played a pivotal role in advising Bank Polska Kasa Opieki S.A. (Bank Pekao) on its issuance of subordinated capital bonds amounting to PLN 750 million, equivalent to approximately 175.5 million USD. These bonds were offered to qualified investors through a non-prospectus public offering and were subsequently introduced to the trading platform on the Warsaw Stock Exchange's alternative trading system. A critical aspect of the advisory role included securing approval from the Financial Supervision Authority for the bonds to qualify as the issuer's Tier II instruments. The White & Case Warsaw team, comprising partner Grzegorz Abram and local partner Pawe Zagórski, led this significant transaction.
Sectors
- Banking & Financial Services
- Legal Services
Geography
- Poland – The article is centered around activities occurring in Poland, where Bank Pekao is based and where the bond issuance took place.
Industry
- Banking & Financial Services – The industry is relevant as the article discusses Bank Pekao's capital bond issuance, a direct financial activity within the banking sector.
- Legal Services – White & Case LLP, a law firm, provided legal advisory services, emphasizing the role of legal advisories in financial transactions.
Financials
- PLN 750 million – The total amount of subordinated capital bonds issued by Bank Pekao.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bank Polska Kasa Opieki S.A. (Bank Pekao) | Issuer | Company | A major Polish bank issuing subordinated bonds. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the bond issuance. |
| Financial Supervision Authority | Regulatory Authority | Government | The institution that approved the qualification of the bonds as Tier II instruments. |
| Grzegorz Abram | Partner | Person | Partner at White & Case LLP, involved in advising on the transaction. |
| Pawe Zagórski | Local Partner | Person | Local partner at White & Case LLP, involved in the transaction. |