Brief: mBank Supervisory Board Approves Issuance Of AT 1 Bonds
BRIEF-mBank Supervisory Board Approves Issuance Of AT 1 Bonds Sept 18 (Reuters) - 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
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