Linklaters has advised the European Bank for Reconstruction and Development on mBank's PLN 1.5 billion additional tier 1 bond issuance. Clifford Chance reportedly advised mBank.
According to Linklaters, this transaction marks the first introduction of AT1 bond instruments to the Polish capital market. AT1 bonds, commonly used by banks to strengthen their capital base, represent an important development in Poland’s financial sector.
The Linklaters team included Counsels Mikolaj Bieniasz and Andrew Chaplin, Managing Associates Szymon Renkiewicz, Wojciech Kobylinski, and Michal Nocon, and Senior Associate Jan Jurga.
