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Fusion

My Money Group announces the merger of My Money Bank and My ...

With this merger which became effective on 31st December 2020, My Money Bank replaced My Partner Bank in all its rights, actions and obligations. My Partner Bank becomes a commercial brand of My Money Bank and continues to offer its expertise in professional mortgages to the real estate sector.

Emission covered bonds

My Money Group further strengthens its footprint in the covered ...

MMB SCF completed today its third covered bonds public issuance following its 2018 and 2019 transactions, raising €500 million covered bonds on a 10-year maturity (soft bullet).

The bonds are rated AAA by Standard & Poor’s and offer a yield of minus 0.027% p.a. (Mid Swaps + 18 basis points)

Emission de Capital AT1

My Money Group issues Additional Tier 1 capital

My Money Group issues Additional Tier 1 capital to strengthen its capital ratios, diversify its investors’ base and support the growth of its activities.
My Money Group completed its inaugural additional tier 1 issuance by raising EUR 100 million of perpetual, deeply subordinated notes at a fixed rate.
 
The transaction strengthen the Tier 1 capital ratio by 2.5% (was 15.7% at 30 June 2019) and supports the controlled growth of activities.

refinancement

My Money Group further strengthens its funding profile with the ...

MMB SCF completed today its second covered bonds public issuance following its October 2018 inaugural transaction.

My Money Group raised EUR 500 million of “Obligations Foncières” on a 10-year maturity (soft bullet). These bonds are rated AAA by Standard & Poors and offer a yield of 0.11% p.a. (Mid Swaps + 27 basis points).

 

My Money Bank completes its second public Auto ABS issuance

My Money Group successfully priced EUR 300 million of Asset-Backed Securities (« ABS ») backed by auto financing receivables. This is My Money Group’s second public Auto ABS transaction following its inaugural deal closed in December 2017. The notes offered to the market are rated AAA by Fitch and Moody’s and have a yield of Euribor 1 Month + 31 bp.

Promontoria MMB- BESV

Promontoria MMB announces the completion of the acquisition of ...

Paris – 28 December 2018 – Promontoria MMB SAS (My Money Group) announced today the completion of the acquisition of Banque Espirito Santo et de la Vénétie (BESV), a credit institution specialized in advisory services and financing for companies as well as banking services for businesses and individuals. 

This acquisition, announced in June 2018 by BESV's majority shareholder, Novo Banco, is an opportunity for My Money Group to expand its product offering and broaden its activities into commercial banking.