First issue of Bank Millennium’s green bonds

The green bonds repurchase date shall fall not later than up to 5 years after their issue date and the Bank shall have an option of early repurchase after 4 years from the issue date and after meeting the effective regulatory requirements. The Bank's intention is to introduce the bonds to trading on the regulated market operated by the Luxembourg Stock Exchange, where the SNP bonds issued by the Bank in September 2023 are already listed.

— The need for sustainable and responsible economic development is indisputable today. At Bank Millennium, we understand how crucial the Bank's role in this area is and we consistently implement the assumptions of our business strategy, the pillar of which are ESG activities. Activities supporting sustainable transformation are very important to our stakeholders. We see this among our clients, as well as when analysing the market and investor expectations. We have decided to place bonds worth EUR 500 million. In this way, we want to ensure the flow of funds towards green initiatives that perfectly fit into our strategy and respond to investors' expectations — said Joao Bras Jorge, Chairman of the Management Board of Bank Millennium.

— Following the publication of the updated base prospectus approved on 12 September 2024 by CSSF in Luxembourg, we have successfully completed the issue of our first green bonds. This is another milestone in the implementation of our strategy of strengthening the fulfilment of MREL requirements. Additionally, we are all the more proud that our first green issue has met with strong interest from investors who subscribed for over 5 times the amount offered. A diversified book of demand has been built, which consisted of subscriptions made by 150 entities — said Fernando Bicho, Deputy Chairman of the Management Board of Bank Millennium.

The subscription for Bank Millennium's green bonds was completed on 18 September 2024. Investors interested in acquiring these securities reported demand worth over EUR 2,524 million. The reduction rate was 80.19 per cent. The bonds will go to 125 entities.

— As a bank, we are systematically striving to increase our involvement in the green transformation of the economy. Green bonds make it possible to raise capital and invest in new as well as existing projects with environmental benefits. The funds raised from the green bond issue will be used to finance and refinance energy-efficient buildings or projects related to the production of energy from renewable sources that meet the criteria of the Green Bond Framework — said Magdalena Trzynadlowska, Director of the Sustainability Department at Bank Millennium.

The green bond offering has been prepared on the basis of the Green Bond Framework, created in accordance with the requirements of the Green Bond Principles (GBP) developed by the International Capital Market Association (ICMA). The Green Bond Framework and the Second Party Opinion are available on the bank's website: www.bankmillennium.pl/o-banku/relacje-inwestorskie/papiery-dluzne#zielone-obligacjelink opens in a new window.

More information: www.bankmillennium.pl