White & Case advises on €500 million mortgage covered bonds issuance by UniCredit Bank Czech Republic and Slovakia

Global law firm White & Case LLP has advised Commerzbank, Danske Bank, DZ BANK, Erste Group Bank, Raiffeisen Bank International, and UniCredit Bank as joint lead managers on the issuance of €500 million 2.875% mortgage covered bonds due 2029 under the €10 billion mortgage covered bond programme of UniCredit Bank Czech Republic and Slovakia, a.s. The mortgage covered bonds were admitted to trading on the regulated market of the Luxembourg Stock Exchange.

Earlier this year, White & Case advised UniCredit Bank as arranger and dealer on the annual update of UniCredit Bank Czech Republic and Slovakia's €10 billion mortgage covered bond programme, and as the sole lead manager on the issuance of €750 million floating rate mortgage covered bonds due 2027 under the programme. The mortgage covered bonds were also admitted to trading on the Luxembourg Stock Exchange.

White & Case partner Petr Hudec, who led the Firm's deal team, said: "The successful placement of these significant issuances highlights the strong investor confidence in both UniCredit Bank Czech Republic and Slovakia, a.s., as the issuer, and the wider covered bond market."

The White & Case team that advised on the transactions was led by partner Petr Hudec (Prague) and included partner Karsten Wöckener (Frankfurt), local partner Claire-Marie Mallad (Frankfurt), counsel Petr Šmerkl (Prague), associates Jan Vacula (Prague) and Domenik Mack (Frankfurt) and transaction lawyer Nejc Jereb (Frankfurt).

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