Profil:
Bank Millennium SAMillennium Bank's mortgage unit issues covered bonds worth PLN 1 bln; against PLN 1.3 bln demand
The mortgage unit of listed lender Millennium, Millennium BH, has issued covered bonds with a total nominal value of PLN 1 billion (EUR 234.8 mln), with total demand for these securities amounting to PLN 1.3 billion (EUR 305.3 mln), the bank announced in a press release.
The issue was directed at institutional investors. The securities were issued as part of an international covered bonds programme.
The bank will apply for admission of the instruments to trading on the parallel market of the Warsaw Stock Exchange and additionally on the Luxembourg Stock Exchange.
The issue date of the mortgage bonds is November 4, 2025, and their maturity date is set for November 4, 2030. The instruments were priced at 93 basis points above the WIBOR 3M rate.
This was the fourth issue of covered bonds by Millennium BH.
In 2024, the bank issued two series of covered bonds with maturities of 3 and 5 years and nominal values of PLN 300 million (EUR 70.4 mln) and PLN 500 million (EUR 117.4 mln), respectively, while in March 2025 it issued 5-year mortgage bonds with a nominal value of PLN 800 million (EUR 187.8 mln).
The total nominal value of mortgage covered bonds issued and remaining in circulation currently amounts to PLN 2.6 billion (EUR 610.5 mln).
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