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A&O Shearman guides ING Bank Hipoteczny in successful covered bonds issuance

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Published Date

Sep 20, 2024

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A&O Shearman advised ING Bank Hipoteczny on issuing PLN 500 million Floating Rate Mortgage Covered Bonds due 2028. The covered bonds are backed by a portfolio of residential mortgage loans originated by ING Bank Śląski and will be listed on the regulated markets of the Luxembourg Stock Exchange and the Warsaw Stock Exchange. ING Bank N.V. and ING Bank Śląski were the Joint Lead Managers of the issuance.

The A&O Shearman team was led by Łukasz Walczyna, assisted by Alicja Urbańska. Jamie Durham, Ruby Avison and Enakshi Jha provided English law advice, and Arkadiusz Pędzich supervised the project.

Łukasz Walczyna, counsel at the A&O Shearman Warsaw office, said: We are proud to have successfully advised ING Bank Hipoteczny on this significant issuance of mortgage covered bonds. Our team's expertise and dedication were crucial in navigating the complexities of this transaction, ensuring a seamless process from start to finish.“

Arkadiusz Pędzich, partner at the A&O Shearman Warsaw office, commented: “This issuance marks a pivotal moment for ING Bank Hipoteczny, and we are delighted to have played a role in its success. This transaction underscores our commitment to delivering exceptional legal services and supporting our clients in achieving their strategic financial goals."