White & Case advises Millennium Bank Hipoteczny on PLN 500 million mortgage covered bonds issuance
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Global law firm White & Case LLP has advised Millennium Bank Hipoteczny S.A. on its issuance of PLN 500 million series 2 mortgage covered bonds due June 30, 2031, with a floating coupon of WIBOR 3M plus 0.78%.
The transaction represents the bank’s second issuance under its 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 in 2025.
The mortgage covered bonds were offered to institutional investors and have been admitted to trading on the regulated parallel market of the Warsaw 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 arranger, calculation agent and issue agent.
The White & Case team in Warsaw which advised on the transaction included partner Marcin Studniarek, local partner Bartosz Smardzewski and associate Michał Truszczyński.
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