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Greenberg Traurig Represented Raiffeisen Polbank in a PLN 500m Bonds Issue

WARSAW – Jan. 20, 2015 – Greenberg Traurig acted as legal counsel to Raiffeisen Polbank in the process of issuance of Series A bonds with a value of PLN 500 million.

On Nov. 19, 2014, the bank issued three-year unsecured and unsubordinated corporate bonds for institutional investors. The bonds were issued pursuant to a public offering which did not require an issue prospectus or information memorandum, and were subsequently introduced to the alternative trading system operated by BondSpot within the Catalyst market. The bonds were first traded Jan. 15, 2015.

The issue of Series A bonds is the first stage of the issue program of Raiffeisen Polbank corporate bonds. The maximum aggregate nominal value of the bonds issued under the program is PLN 2 billion.

Greenberg Traurig provided comprehensive legal advice to the Bank, including structuring the bonds issue program, as well as the implementation of the public offering, dematerialization, and the introduction of Series A bonds to the alternative trading system. The Warsaw office team of Greenberg Traurig was led by partner Ireneusz Matusielański and assisted by associates Adam Puchalski, Dawid Van Kędzierski, and Magdalena Bachleda-Księdzularz.

Pursuant to the offering, the European Bank for Reconstruction and Development took up 15 percent of the bonds with the aggregate nominal value of PLN 75 million.

Raiffeisen Bank Polska S.A., acting as as Raiffeisen Polbank, has been present on the Polish market since 1991. In 2012, Raiffeisen Bank Polska S.A. merged with Polbank EFG S.A. Attorneys from the Warsaw Greenberg Traurig office advised Raiffeisen Bank International AG with respect to the purchase of 70 percent of shares in Polbank EFG for close to EUR 500 million and the subsequent merger of Raiffeisen Bank Polska S.A. with Polbank EFG S.A. into Raiffeisen Polbank.