IFLR1000

PKO Bank Hipoteczny €4 billion mortgage covered bonds programme

30/9/2016
Covered bond issue, Bond/note programme
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€ 4 billion

$ 4.495 billion

Completed

30/9/2016

Overview:

  • PKO Bank Hipoteczny has established a €4 billion international mortgage covered bonds programme.
  • The programme is thought to be the first time a Polish mortgage provider has set up such a programme.
  • The deal follows the entering into force of the Polish Law on Covered Bonds and Mortgage Banks on January 1 2016.
  • Société Générale acted as global coordinator and dealer. Deutsche Bank, JPMorgan, PKO and Landesbank Baden-Württemberg acted as dealers.

Sam Duke - Editor

Jurisdiction:

Poland

Deal types:

Covered bond issue
Bond/note programme

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
Allen & Overy

Party: PKO Bank Hipoteczny (Originator)

Lawyers: Bartosz Jagodzinski, Philip Smith (retired)

White & Case

Party: Deutsche Bank AG Na ON (Dealer)

Party: JPMorgan Chase (Dealer)

Party: Landesbank Baden-Wuerttemberg (Dealer)

Party: PKO Bank Hipoteczny (Dealer)

Party: Societé Générale (Dealer, Global coordinator)

Lawyers: David Barwise (retired), Jochen Artzinger-Bolten, Marcin Studniarek

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