The first mortgage covered bonds issued by mBank Hipoteczny this year amount to PLN 100m, have a maturity of 10 years and a coupon fixed at WIBOR3M + 0.80%.
The book-building process was handled by mBank S.A. The orders came from 8 investors, among them were asset management institutions, banks, insurance companies and pension funds.
From mBank Hipoteczny’s perspective, this has been:
- PLN-denominated covered bonds with historically recordable maturity;
- the longest PLN-denominated covered bonds in 20 years history of mBank Hipoteczny;
- the longest outstanding PLN-denominated covered bonds issued by the Bank;
- covered bonds with the longest maturity available today on Polish market (previous mBH’s record covered bonds with 8.5year maturity were issued in 2014).
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