Chicago, Sept. 20 – mBank SA sold €500 million six-year fixed-to-floating rate notes (//BBB-), according to a notice.
The notes start with an initial 0.966% coupon.
The notes can be redeemed Sept. 21, 2026.
The notes are being priced under the issuer’s euro medium-term note program.
The notes have a reset margin over three-month Euribor.
Commerzbank, Erste Group Bank, UBS Europe and UniCredit Bank are managers of the deal.
The insurance company is based in Poland.
| Issuer: | mBank SA
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| Issue: | Green notes
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| Amount: | €500 million
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| Maturity: | Sept. 21, 2027
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| Bookrunners: | Commerzbank, Erste Group Bank, UBS Europe and UniCredit Bank
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| Coupon: | 0.966% initial rate; resets to Euribor plus a margin
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| Call features: | Callable Sept. 21, 2026
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| Announcement date: | Sept. 20
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| Rating: | Fitch: BBB-
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| ISIN: | XS2388876232
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