In January 2019, EBRD invested PLN 166 million (EUR 38.7 million equivalent) in a subordinated bond issued by Bank Millennium S.A. as part of a total aggregate issuance of PLN 830 million (EUR 193.5 million equivalent). This is the second subordinated bond issued by Bank Millennium S.A. on the Polish market. The Tier 2 capital eligible bonds have a 10-year maturity, are callable after five years and will be listed on the Warsaw Stock Exchange. In September 2023, EBRD invested EUR 33 million in senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 400 million Bond issuance, with the listing on the Luxemburg Stock Exchange. The total issuance size has been increased to EUR 500 million via additional (tap) placement. The bonds have a 4-year maturity with a call option in 3-years' time. In September 2024, EBRD invested EUR 20 million in inaugural green senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 500 million Bond issuance listed on the Luxemburg Stock Exchange. The bonds have a 5-year maturity with a call option in 4-years' time. The project supports the resilience and regulatory compliance of Bank Millennium, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also supports capital market development and delivers on the Bank's green agenda and national green economy priorities for Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50412