New Bond Issue – 4% MeDirect Bank (Malta) plc Subordinated Unsecured 2024 – 2029

October 11, 2019
|In Product News
|By Jesmond Mizzi Financial Advisors

We are pleased to inform you that MeDirect Bank p.l.c. has announced the issuance of €35,000,000 MeDirect Bank p.l.c. Subordinated Unsecured Bond maturing in 2024 – 2029. This Bond will offer a coupon of 4% and will be issued at a price of €/£100 per bond. Jesmond Mizzi Financial Advisors Ltd are acting as sponsoring brokers in this bond issue.

As per company announcement by MeDirect Bank Ltd p.l.c., the bonds are being offered to:

i) Existing bondholders listed on the register of bondholders as at 11th October 2019, for the purpose of enabling them to surrender part, all and/or excess of their existing bonds (6% MeDirect Bank plc Subordinated Unsecured € 2019-2024 – €23,286,000 and 6% MeDirect Bank plc Subordinated Unsecured £ 2019 – 2024 – £1,373,000) in exchange for the new bonds;

ii)  the public by virtue of an Intermediaries’ Offer.

This bond requires a minimum holding and application of €25,000 or £20,000 and in multiples of €100/ £100 thereafter. Further detailed information is available in the Prospectus which may be viewed when you click here

For more information, please call on Freephone 8007 2206, to set-up an appointment with our Investment Advisors at one of our branches in Hamrun, Valletta, Birkirkara or Ta’ Xbiex. We will be pleased to answer any queries you may have on this issue.

Prospective applicants should note that this Bond is considered as a complex product and consequently, may not be suitable for all types of investors. In view of this, the necessary tests will be carried out by the investment advisors in line with the regulatory requirements.

 

 

This information is not intended to constitute an offer or agreement to buy or sell investments. No liability is accepted whatsoever for any loss howsoever arising from any information in this notification. The value of investments can go down as well as up. Investors may get back less than their initial investment and past performance is no guarantee of future performance. Jesmond Mizzi Financial Advisors Limited or any connected company, their clients, officers and employees may have a position or engage in transactions in the bond issue.