MBank Hipoteczny sells largest ever Polish currency deal
Poland’s MBank Hipoteczny has issued its fifth and sixth covered bond deals of the year which combined to form the largest ever issues denominated in Polish zloty. The deal will benefit from the new Polish covered bond law, which should be implemented in January 2015 and which is likely to offer a considerable rating uplift. That prospect boosted demand allowing the issuer to increase the deal size by more than double.
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