Issue of

Up to €50m 5.8% Unsecured Subordinated Bonds 2028-2033

forming part of a €150m Unsecured Subordinated Bond Issuance Programme.

 

We are pleased to inform you that APS Bank plc has announced the issuance of €150m Unsecured Subordinated Bond Issuance Programme. As part of the programme, the company is issuing Series 1 Tranche 1, consisting of up to €50m 5.8% Unsecured Subordinated Bonds 2028-2033, offered at par and redeemable at their nominal value on December 1, 2033. The bond offer will be available as from October 30, 2023 and will close on November 17, 2023 or earlier.

Jesmond Mizzi Financial Advisors Ltd is participating in this issue as one of the authorised financial intermediaries and will be accepting applications for this bond, subject to a minimum subscription of €10,000 and in multiples of €1,000 thereafter. A fee of €25 applies for direct applications.

We will be very pleased to process the application on your behalf and therefore, ask you to contact your investment advisor who will be happy to assist you in any queries you may have.

Prospective clients should refer to the Prospectus which may be obtained from our offices in hard copy free of charge, electronically by e-mail on request, or by clicking the download button below.

 

DOWNLOAD BASE PROSPECTUS    DOWNLOAD FINAL TERMS 

 

Issuer	APS Bank plc
Issue Type	Unsecured Subordinated Bond Issuance Programme
Bond Issuance Programme Size	€150,000,000
Series/ Tranche Number	Series 1 Tranche 1
Bond Issue Size	€50,000,000
Bond Issue Price	€100 per bond, issued at par
Minimum Subscription	€10,000 and in multiples of €1,000 thereafter
Maturity Date	1st December 2033
Offer Period	30th October 2023 – 17th November 2023
Expected Date of Commencement of Trading	4th December 2023
Preferred Applicants	Group Employee; Existing Bondholder; Existing Shareholder.
Plan of Distribution	€15,000,000 – Pre-Allocation Agreements €35,000,000 – Intermediaries Offer (Preferred Applicants & General Public)

 

You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun, Valletta, Birkirkara or Ta’ Xbiex (by appointment).

 

Marketing Material. This information is not intended to constitute an offer or agreement to buy or sell investments. The investment referred to in this document may not be suitable for every investor. This bond is a complex product subject to BRRD II resolution regime and may not be suitable for retail investors. Retail investors may only subscribe for bond after passing a suitability test. No liability is accepted whatsoever for any loss howsoever arising from any information in this document. 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.