mBank: The Deposit agreement between mFinance France S.A. and mBank S.A. and assigning rating to the Eurobond tranche with the nominal value of EUR 500,000,000 issued on 24 March 2014.
mBank: The Deposit agreement between mFinance France S.A. and mBank S.A. and assigning rating to the Eurobond tranche with the nominal value of EUR 500,000,000 issued on 24 March 2014.
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| Current Report | | |
| Drafted on: | 25 March 2014 |
| Current report No | 22/2014 |
| Abbreviated issuer&rsquo|s name | mBank |
| Legal basis | Article 56 section 1 item 2 of the Act on Public Offering - current and periodic information |
| Contents: | |
| With reference to the current report No 19/2014 of 14 March 2014 concerning the updated Eurobond Issue Program, the Management Board of mBank (the &ldquo|Bank&rdquo|) informs that the Bank and mFinance France S.A. (previously BRE Finance France S.A.| Bank&rsquo|s subsidiary, the Bank hold 99.97% of shares in the share capital of mFinance France S.A.) concluded the Deposit Agreement in the amount of EUR 496,095,000.00 (i.e. PLN 2,083,102,905.00 according to the average NBP rate of 24 March 2014) on 24 March 2014. The funds constituting the deposit are the result of issue of Eurobonds with the nominal value of EUR 500,000,000.00 (i.e. PLN 2,099,500,000.00 according to the average NBP rate of 24 March 2014) and with the redemption date in 2019 made by mFinance France S.A. on 24 March 2014, and shall be placed as collateral of underwriting the cash performances of Eurobonds issued by the Bank. The interest rate on Eurobonds is 2.375% p.a. The Eurobonds will be listed on the Luxembourg Stock Exchange. On 25 March this year the issued tranche of Eurobonds was awarded the rating at &ldquo|A&rdquo| by Fitch Ratings and at &ldquo|BBB+&rdquo| by Standard &|PoorsRatings Services. These ratings are compliant with the rating of Eurobond Issue Program and the level of long-term rating for mBank S.A. The amount resulting from the deposit shall remain the Bank&rsquo|s ownership until the Eurobond repayment date in 2019. mFinance France S.A. placing the deposit shall obtain interest from the Bank at permanent interest rate on annual basis and additional redemption premium amounting to EUR 3,905,000.00 (i.e. PLN 16,397,095.00 according to the average NBP rate of 24 March 2014). The Deposit agreement does not comprise any conditions precedent nor termination conditions. This Agreement shall not provide for any contractual penalties. The funds from the deposit shall be used to finance the general banking activity made by the Bank. The value of the aforementioned agreement exceeds 10% of mBank&rsquo|s equity. |
SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY
| Deputy Director of Compliance Department | Maciej Mołdawa 25 March 2014 | |
Information on the entity:
| Abbreviated issuer&rsquo|s name: | mBank |
| Full issuer&rsquo|s name: | mBank SA |
| Sector according to Warsaw Stock Exchange (WSE) classification: | Banks (ban) |
| Address: | SENATORSKA 18, 00-950 WARSZAWA |
| Phone No: | 829-00-00 |
| Fax: | 829-00-33 |
| e-mail: | | |
| WWW | www.mbank.pl |
| NIP (Tax identification number): | 526-021-50-88 |
| Statistical identification number (REGON): | 001254524 |