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Brief: mBank Supervisory Board Approves Issuance Of AT 1 Bonds

BRIEF-mBank Supervisory Board Approves Issuance Of AT 1 Bonds

- mBank SA MBK.WA:

  • SAID ON THURSDAY SUPERVISORY BOARD HAS APPROVED ISSUANCE OF EUR-DENOMINATED ADDITIONAL TIER 1 (AT1) BONDS WORTH UP TO EUR 250 MLN

  • FINAL TOTAL NOMINAL VALUE OF BONDS TO BE DETERMINED BASED ON BOOKBUILDING PROCESS

  • AT1 BONDS TO BE PERPETUAL INSTRUMENTS WITH NO FIXED MATURITY DATE, ALTHOUGH THE TERMS OF THE AT1 BOND ISSUANCE MAY PROVIDE FOR THE POSSIBILITY OF EARLY REDEMPTION BY THE BANK

  • TIMING OF AT1 BONDS ISSUANCE DEPENDS ON MARKET CONDITIONS

  • INTENDS TO SEEK KNF APPROVAL TO CLASSIFY NEW AT1 BONDS AS ADDITIONAL TIER 1 INSTRUMENTS


Source text for Workspace: nEM5XJC3Ra
Further company coverage: MBK.WA


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