A&OShearman has advised Bank Pekao S.A. on its successful EUR500m issuance of 3.500% green senior preferred callable fixed-to-floating notes due 2032, marking a significant milestone for Poland's sustainable finance market.
The transaction is a key step in Bank Pekao's ongoing commitment to green financing and further strengthens its regulatory capital position under the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) requirements.
The notes were offered to a broad group of international investors and will support the financing of eligible green projects, reflecting the growing appetite for sustainable investment opportunities in central and eastern Europe. The joint lead managers for the issuance were BNP Paribas, Bank of America, ING, Nomura, and Bank Pekao.
A&OShearman acted as legal counsel to Bank Pekao S.A., 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, whileArkadiusz Pędzich, partner, supervised the project.
Łukasz Walczynacommented: "We are proud to have supported Bank Pekao on this landmark green bond issuance, which not only advances the bank's sustainability agenda but also sets a benchmark for the Polish market. Our team's cross-border expertise and collaborative approach contributed meaningfully in delivering a successful transaction."
Arkadiusz Pędzichadded: "This transaction demonstrates the growing importance of sustainable finance in central and eastern Europe. We are pleased to have contributed our experience and market insight to assist Bank Pekao in navigating the process related to green finance.