J&T BANKA Advances with €300M MREL Notes Issuance, Backed by White & Case

Global law firm White & Case LLP has played an instrumental role in advising J&T BANKA on a significant financial transaction involving the issuance of €300 million in senior preferred MREL-eligible notes due 2031. This transaction also included a cash tender offer related to the bank's outstanding €120 million senior preferred MREL-eligible notes due 2026, which achieved an acceptance rate of nearly 85 percent of the total nominal amount. The issuance is notable for its volume, marking J&T BANKA's largest international bond issuance to date, and was underpinned by strong investor demand that resulted in almost threefold oversubscription. The transaction was executed under J&T BANKA's €3 billion EMTN programme, recently updated with advisory services from White & Case. In this endeavor, White & Case collaborated with various global financial institutions acting as joint lead and co-managers. The successful execution of this deal enhances J&T BANKA's capital position and demonstrates its growing stature in the European banking sector. The deal was led by White & Case partner Petr Hudec and involved a team spanning both Prague and London offices.