White & Case advises Millennium Bank Hipoteczny on PLN 1 billion mortgage covered bonds issuance

Global law firm White & Case LLP has advised Millennium Bank Hipoteczny S.A. on its issuance of PLN 1 billion series 1 mortgage covered bonds due November 4, 2030 carrying a floating coupon of WIBOR 3M plus 0.93%.

This transaction represents the bank's inaugural issuance under its newly established international mortgage covered bonds programme (EMTN programme) with a nominal value of up to €3 billion. White & Case also advised on the establishment of the programme.

The mortgage covered bonds were offered to institutional investors and are expected to be admitted to trading on the regulated (parallel) market of the Warsaw Stock Exchange and/or the regulated market of the Luxembourg Stock Exchange.

Bank Millennium - Biuro Maklerskie Banku Millennium S.A. and Dom Maklerski Banku Ochrony Środowiska S.A. acted as joint bookrunners. Bank Millennium S.A. acted as issue agent.

The White & Case team in Warsaw which advised on the transaction included partner Marcin Studniarek, local partner Bartosz Smardzewski and associates Michał Truszczyński and Dawid Książek.

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