mBank and PGGM enter into synthetic securitization transaction on a portfolio of corporate loans
Contents:
"3. INFORMATION ABOUT THE ENTITY
4. SIGNATURE OF PERSONS REPRESENTING THE COMPANY
| POLISH FINANCIAL SUPERVISION AUTHORITY | ||||||||||||
| REPORT No | 8 | / | 2022 | |||||||||
| Date of issue: | 2022-03-24 | |||||||||||
| Short name of the issuer | ||||||||||||
| mBank | ||||||||||||
| Subject | ||||||||||||
| mBank and PGGM enter into synthetic securitization transaction on a portfolio of corporate loans | ||||||||||||
| Official market - legal basis | ||||||||||||
| Art. 17 ust. 1 MAR - informacje poufne. | ||||||||||||
| Contents of the report: | ||||||||||||
| mBank and PGGM enter into synthetic securitization transaction on a portfolio of corporate loansThe Management Board of mBank S.A. with its registered office in Warsaw (hereinafter „Bank”) informs that on 24 March 2022, the Bank conducted the settlement of a synthetic securitization transaction referencing a portfolio of corporate loans with a total value of PLN 8,922 million (hereinafter "Transaction"). As part of the Transaction, the Bank transferred a significant part of the credit risk of a selected securitized portfolio to an investor. The selected securitized credit portfolio remains on the balance sheet of the Bank. The risk transfer of the securitized portfolio is performed through a recognized credit protection instrument, in the form of a credit linked notes (hereinafter "Credit Linked Notes”). On 24 March, 2022, the Bank issued Credit Linked Notes with a total nominal value of PLN 642.5 million. The investor in the Credit Linked Notes is Stichting Pensioenfonds Zorg en Welzijn, represented by PGGM Vermogensbeheer B.V. as attorney in fact. On 24 March 2022, Credit Linked Notes were introduced to trading on the Vienna MTF operated by the Vienna Stock Exchange, ISIN: XS2450070276. The Credit Linked Notes are collateralized, with debt securities as the primary form of collateral that is deposited with an independent custodian. The Transaction will increase the Common Equity Tier 1 (CET1) capital ratio by approximately 0.6 percentage points, when referenced to reported figures for mBank Group at the end of 2021. The Transaction meets the requirements for significant risk transfer specified in the CRR Regulation and has been structured as meeting the STS criteria (simple, transparent and standard securitization) in accordance with Regulation 2021/557. UniCredit Bank AG acted as arranger and placement agent for the Transaction. | ||||||||||||
INFORMATION ABOUT THE ENTITY >|>|>|
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2022-03-24 | Andreas Boeger | Wiceprezes Zarządu | |||