WARSAW – June 8, 2016 – Greenberg Traurig advised Bank Pocztowy on the first issue of the Bank’s bonds, part of the public bond issuance program for individual investors. The maximum aggregate nominal value of the bonds issued under the program is PLN 1 billion. June 8th marked the issue of the first tranche of subordinated bonds worth PLN 50 million. The Issuer is planning to seek the introduction of the bonds to the alternative trading system operated by the Warsaw Stock Exchange within the framework of the Catalyst market.
Greenberg Traurig provides comprehensive legal advice to the Bank which includes preparation of the prospectus and obtaining approval of the prospectus, structuring the bonds issue program and the introduction of the first tranche of bonds to the WSE alternative trading system, as well as obtaining regulatory approvals from the Polish Financial Supervision Authority relating to the transaction.
“We are very pleased to have advised on such an interesting public offering successfully executed by our Client,” said Rafał Sieński, partner at Greenberg Traurig’s Warsaw office, who supervised the transaction. “This is the first time where a single prospectus includes both subordinated and senior bonds. Up to this point, in similar scenarios, two separate prospectuses would be prepared,” added Associate Dawid Van Kędzierski, member of the team responsible for the transaction.
Sieński and Partner Ireneusz Matusielański coordinated the project and provided ongoing advisory work on the transaction with the assistance of associates Dr. Adam Puchalski and Van Kędzierski, while Partner Lukasz Pawlak advised on regulatory issues and was supported by Senior Associate Małgorzata Paśnik.
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