PKO Bank Hipoteczny Issues PLN 800 Million Mortgage Covered Bonds
Deal News | Feb 28, 2025 | White & Case
Global law firm White & Case LLP advised PKO Bank Hipoteczny S.A. on its notable issuance of PLN 800 million in mortgage covered bonds set to mature on February 27, 2029. This issuance is part of their International Covered Bond Programme, which was updated in October 2024, allowing the issuance of dematerialized PLN-denominated covered bonds locally. PKO Bank Polski S.A. acted as the sole bookrunner and issue agent for the transaction. This issuance represents PKO Bank Hipoteczny's third such issuance, highlighting their strategic and operational prowess in the Polish market. The White & Case advisory team comprised partner Marcin Studniarek, local partner Bartosz Smardzewski, and associate Micha Truszczyski.
Sectors
- Banking & Finance
- Legal Advisory
Geography
- Poland – PKO Bank Hipoteczny is a Polish bank, and the issuance is conducted under Polish law and within the Polish National Depository System.
Industry
- Banking & Finance – The article deals with PKO Bank Hipoteczny's issuance of mortgage covered bonds, an activity central to banking and finance.
- Legal Advisory – White & Case LLP, a global law firm, is highlighted for their advisory role which is significant in legal advisory services.
Financials
- PLN 800 million – The issuance amount of the mortgage covered bonds by PKO Bank Hipoteczny.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PKO Bank Hipoteczny S.A. | Target company | Company | A Polish bank involved in the issuance of mortgage covered bonds. |
| White & Case LLP | Legal advisor | Company | A global law firm advising on the transaction. |
| PKO Bank Polski S.A. | Bookrunner and issue agent | Company | Served as the sole bookrunner and issue agent for the bond issuance. |
| Marcin Studniarek | Partner | Person | Partner at White & Case involved in the transaction. |
| Bartosz Smardzewski | Local partner | Person | Local partner at White & Case involved in the transaction. |
| Micha Truszczyski | Associate | Person | Associate at White & Case involved in the transaction. |