Fitch rates mBank's SNP debt 'BBB-'

Fitch Ratings has assigned mBank's €500 million senior non-preferred bonds a 'BBB-' long-term rating. The rating is in line with the expected rating assigned on September 10, 2021. The SNP bonds mature on September 21, 2027, with an optional redemption on September 21, 2026. They carry a coupon of 0.966 percent paid annually until the optional redemption date and of 1.25 percent over 3-month EURIBOR after optional redemption and until maturity.