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Advising PKO Bank Polski on another successful issuance

Advising PKO Bank Polski on another successful issuance
Published Date
Jul 11 2025

A&O Shearman has advised PKO Bank Polski on its successful EUR500 million issuance of 3.625% green senior non-preferred callable fixed-to-floating interest rate notes due 2031, marking a significant milestone for both the bank and the Polish sustainable finance market.

The notes will be listed on the regulated markets of the Luxembourg Stock Exchange and the Warsaw Stock Exchange. BNP Paribas, Erste, PKO Bank Polski, UBS, and UniCredit acted as joint lead managers.

A&O Shearman acted as lead legal counsel to PKO Bank Polski, providing comprehensive advice on all aspects of the issuance. Łukasz Walczyna, counsel, led the team, supported by associate Filip Główka. Jamie Durham, partner, provided English law advice, while Arkadiusz Pędzich, partner, supervised the project.

Łukasz Walczyna commented: “We are proud to have partnered with PKO Bank Polski on this bond issuance. This transaction is a testament to the bank’s forward-thinking approach to sustainable finance and the growing momentum for ESG-driven investment in the region. Our team’s cross-border expertise and deep sector knowledge enabled us to navigate the complexities of the deal and deliver a seamless execution.”

Arkadiusz Pędzich added: “We are proud to have supported PKO Bank Polski on this landmark green bond issuance. This transaction not only demonstrates the bank’s leadership in sustainable finance but also highlights A&O Shearman’s ability to guide clients through the deals that advance both strategic and ESG objectives.”

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