mBank launches tender for MREL needs

By Ross Lancaster
29 May 2020

Poland’s mBank has announced a tender offer for a maximum of €400m of its bonds, as it seeks to manage its MREL requirements.

The bank’s capped tender offer is targeting three €500m bonds. These comprise the issuer’s 1.398% 2020 notes, its 2% 2021 notes and its 1.058% 2022 notes.

None of the notes subject to tender qualify as eligible liabilities and do not contribute to the mBank’s MREL (minimum requirement for ...

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