2019-11-12 mBank Hipoteczny S.A. has launched on the euromarket second covered bonds issue of 300m euro, maturing in September 2025
The final orderbook in excess of EUR 1bn was characterized by a high degree of granularity with over 70 real money investors participating. The final re-offer spread of +43bps lies inside the estimated fair value level and thus implies a negative new issue concession of around -2bps. The coupon on this long 5 year bond will be only 0.242% - one of the lowest ever to be achieved by an issuer from Poland.
