Investor Presentaiton
mBank Hipoteczny on International Covered Bond Market
General Programme Terms and Conditions
Security Type
Issue Type
Distribution
PLN and EUR mortgage loans
Soft Bullet / Conditional Pass-Through
Private public placement
26 April 2018 - inaugural covered bond
sub-benchmark transaction
with a EUR 300 mn
■
☐
12 November 2019 - successfully returned
to the syndicated covered market again
with a EUR 300 mn
7 years tenor
Fixed (1.073%) MS + 42bps
pricing implies new issue premium
2.7 oversubscribed book
60 real money investors participating
5 years tenor
Fixed (0.242%) MS + 43bps
pricing implies new issue concession
3.4 oversubscribed book
70 real money investors participating
Interest rate
Currency
Coupon
Fixed / Floating
Multi currency
Annual, Act/Act ICMA
Maturity
Up to 30 years
Programme size
Up to EUR 3.0 bn
Rating
Aa2 (Moody's Investors Service)
Commission de Surveillance du Secteur
Base Prospectus approval Financier, Luxembourg (CSSF)
Investors
Clearing
Listing
Listing Agent
Fiscal & Paying Agent
Governing law
Financial Institutions
Euroclear / Clearstream
Luxembourg Stock Exchange
Deutsche Bank Luxembourg S.A.
Deutsche Bank Aktiengesellschaft
Polish Law
Covered Bonds Investor Presentation
Allocation by Region
(all issues)
Allocation by Investor Type
(all issues)
Govt/Agencies Others
8.0%
Pension Funds
0.5%
12.0%
CEE
France/BeNeLux
6.0%
2.0%
Switzerland
4.0%
3.0%
Austria 12.0%
54.0% Germany
52.5% Banks
27.0%
Asset Manager
19.0%
Nordics
25View entire presentation