mBank launches tender for MREL needs

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Emerging Markets
CEE

mBank launches tender for MREL needs

Ross Lancaster
May 29, 2020 12:45 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 year’s dividends should strengthen the bank’s 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 has announced a tender offer for a maximum of €400m of its bonds, as it seeks to manage its MREL requirements.

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Topics

Central and Eastern Europe (CEE)PolandJP MorganCEE BondsCommerzbankEuropeEmerging MarketsEMEACEE
RL
Ross Lancaster
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