White & Case advises on MONETA Money Bank’s €300 million MREL notes issuance

Global law firm White & Case LLP has advised BNP PARIBAS and J.P. Morgan as joint global coordinators, BNP PARIBAS, Goldman Sachs Bank Europe and J.P. Morgan as joint lead managers and joint bookrunners, and J&T BANKA as co-manager on the issuance of €300 million fixed-to-floating rate senior preferred notes due 2030 by Czech-based publicly traded MONETA Money Bank.

The notes, rated A3 by Moody's, attracted interest from more than 200 investors across 32 countries and have been admitted to trading on the regulated market of the Luxembourg Stock Exchange.

"We are pleased to have advised on a successful issuance which further strengthens MONETA Money Bank's capital position," said White & Case partner Petr Hudec, who led the Firm's deal team.

MONETA Money Bank is one of the leading and growing providers of banking and financial services to retail and commercial customers in the Czech Republic.

The White & Case team that advised on the transaction was led by partner Petr Hudec and included counsel Petr Šmerkl, associate Jan Vacula and legal intern Josef Levy in Prague, and partner Richard Pogrel and counsel James Clarke in London.

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