Project Notice

PNR 29536
Organization BANK MILLENNIUM SA
Work Detail Project Description The EBRD invested PLN 166 million (EUR 38.7 million equivalent) in a subordinated bond issued by Bank Millennium S.A. as part of a total aggregate issuance of PLN 830 million (EUR 193.5 million equivalent). This is the second subordinated bond issued by Bank Millennium S.A. on the Polish market. The Tier 2 capital eligible bonds have a 10-year maturity, are callable after five years and will be listed on the Warsaw Stock Exchange. Project Objectives With this investment, EBRD is seeking to support the optimisation of Bank Millennium S.A. capital structure by increasing the weight of Tier 2 instruments and MREL-eligible funding base, in line with the regulatory requirements to be defined at European and local level. EBRD provided support to Bank Millennium S.A. bond issuance, mobilising the institutional investor base and contributing to the development of the Polish capital market.
Funded By 36
Country Poland , Eastern Europe
Project Value 830 Million

Work Detail

Project Description The EBRD invested PLN 166 million (EUR 38.7 million equivalent) in a subordinated bond issued by Bank Millennium S.A. as part of a total aggregate issuance of PLN 830 million (EUR 193.5 million equivalent). This is the second subordinated bond issued by Bank Millennium S.A. on the Polish market. The Tier 2 capital eligible bonds have a 10-year maturity, are callable after five years and will be listed on the Warsaw Stock Exchange. Project Objectives With this investment, EBRD is seeking to support the optimisation of Bank Millennium S.A. capital structure by increasing the weight of Tier 2 instruments and MREL-eligible funding base, in line with the regulatory requirements to be defined at European and local level. EBRD provided support to Bank Millennium S.A. bond issuance, mobilising the institutional investor base and contributing to the development of the Polish capital market.

Contact Information

Project Name Bank Millennium S.A. Poland subordinated Bonds
Address Rawa Pawel, Financial Institutions Department pawel.rawa@bankmillennium.pl

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