Poland's mBank to issue 300-500 mln euros of debt

Mbank SA

01/08/2024 09:59

GDANSK, Aug 1 (Reuters) - Commerzbank's  CBKG.DE  Polish
unit mBank  MBK.WA  plans to issue senior preferred bonds worth
between 300 million and 500 million euros, Marek Lusztyn, deputy
chief officer for risk management, said on Thursday.
    The issuance is for its minimum requirement of own funds and
eligible liabilities (MREL) purposes and will be carried out in
the second half of the year, Lusztyn said.
    "Our goal is to ensure capital for the core business and to
regain our market share which was stifled by the Swiss francs
problem in previous periods," Lusztyn said on earnings call.

 (Reporting by Mateusz Rabiega; editing by Jason Neely)
 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))