MBank hits road as covered issuers adjust to ECB

Bill Thornhill

October 31, 2019 01:15 pm

mBank_PA_230x150_190418 — BYDGOSZCZ, 20 March 2016 - Polish lender mBank, part of German Commerzbank said it will not pay out dividends from 2015. Not paying out last years dividends should strengthen the banks position, as recommended by financial authority KNF. Polish banks are said to cut jobs and costs this year foreseeing an increase in taxes as announced by the new, conservative government. (Photo by Jaap Arriens/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

Poland's mBank Hipoteczny has mandated leads for a roadshow ahead of a planned sub-benchmark sized deal. It could surface in a busier than expected market in November now that some issuers will be reconsidering their funding strategies after the European Central Bank bought more than anticipated in the primary market this week.

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Topics

Central and Eastern Europe (CEE)Poland CEE Bonds Europe Emerging Markets EMEA FIG CEE Covered Bonds

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Bill Thornhill