Brief: Bank Millennium Signs 2.14 Bln Zloty Securitisation Deal With EBRD

Bank Millennium SA

24/12/2024 06:31

Dec 24 (Reuters) - Bank Millennium  MILP.WA :
    * SAID ON MONDAY THAT IT HAS SIGNED A SECURITISATION
AGREEMENT
WITH EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD) FOR
2.14 BILLION ZLOTYS
    * UNDER DEAL THE BANK HAS TRANSFERRED A CONSIDERABLE PART OF
ITS
CREDIT RISK FROM THE PORTFOLIO SUBJECT TO SECURITISATION TO EBRD
    * THE BANK HAS A RAMP-UP OPTION ALLOWING IT TO INCREASE THE
TRANSACTION VALUE TO A MAXIMUM OF 4.06 BILLION ZLOTYS

        
 Source text:  urn:newsml:reuters.com:*:nEM5p82B3a
 Further company coverage:  MILP.WA  

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