Bank of Valletta plc – €100m 5% Unsecured Subordinated Bonds 2030-2035
Issue of
€100m 5% Unsecured Subordinated Bonds 2030 – 2035
forming part of up to €250m Unsecured Euro Medium Term Bond Programme
The board of directors of Bank of Valletta plc (BOV) has announced the issuance of Series 2 Tranche 1 under its existing €250m Unsecured Euro Medium Term Bond Programme. As part of the programme, the bank is issuing €100m of 5% Unsecured Subordinated Bonds maturing between 2030 and 2035, with an over-allotment option of up to €150m.
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 the minimum subscription amounts set out below. BOV will be granting preference to existing shareholders, existing bondholders and group employees of BOV, professional clients and eligible counterparties.
Applications by preferred applicants and those placed under nominee are free of charge. A fee of €25 applies to general public direct applications.
We would be pleased to handle your application on your behalf. Kindly contact your investment advisor, who will be happy to assist you with any queries you may have.
For detailed information, please refer to the prospectus, which can be obtained from our offices in hard copy at no cost, electronically via email upon request, or by clicking the download button below.
DOWNLOAD BASE PROSPECTUS DOWNLOAD FINAL TERMS
| Issuer | Bank of Valletta plc |
| Issue Type | Unsecured Euro Medium Term Bond Programme |
| Bond Issuance Programme Size | €250,000,000 |
| Series/ Tranche Number | Series 2 Tranche 1 |
| Bond Coupon | 5% |
| Bond Issue Size (Series 2) | €100,000,000 with an over-allotment option of upto €150,000,000 |
| Bond Issue Price | €100 per bond, issued at par |
| Minimum Subscription | Existing Bondholders, Existing Shareholders, Group Employees & General Public
€10,000 and in multiples of €100 thereafter Professional Clients and Eligible Counterparties €100,000 and in multiples of €100 thereafter |
| Amounts per Category | Existing Bondholders, Existing Shareholders & Group Employees
€50 million Professional Clients and Eligible Counterparties €35 million General Public €15 million |
| Maturity Date | 7th July 2035 |
| Callable Period | 2030-2035 |
| Opening of Offer Period | Monday, 9th of June 2025 |
For further assistance, you may contact us on our freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun and Birkirkara, or by appointment in Valletta or Ta’ Xbiex.
Marketing Material. This advertisement 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. Potential Investors should read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bond. For further information contact Jesmond Mizzi Financial Advisors Limited at 67, Level 3, South Street, Valletta, or on Tel: 21224410, or email [email protected].