Bank of Valletta PLC – Submission of Application for Authorisation for Admissibility to listing of Unsecured Euro Medium Term Bond Programme and Issue of First Tranche of Bonds
Issue of
€125m 5% Subordinated Bonds 2030–2035
forming part of up to €325m Unsecured Euro Medium Term Bond Programme
Bank of Valletta plc has announced the issuance of up to €125m 5% Unsecured Subordinated Bonds maturing between 2030 and 2035 under its €325m Unsecured Euro Medium Term Bond Programme, following the submission of an application to the MFSA for admissibility to listing.
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.
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.
| Issuer | Bank of Valletta plc |
| Issue Type | 5% Unsecured Subordinated Bonds (Tier 2) |
| Bond Issuance Programme Size | €325,000,000 |
| Series/ Tranche Number | Series 1 Tranche 1 |
| Bond Coupon | 5% |
| Bond Issue Size (Series 1) | €100,000,000 with an overallotment option of up to €125,000,000 |
| Bond Issue Price | €100 per bond issued at par |
| Minimum Subscription |
The Bonds will be issued at a minimum subscription of €10,000 and in multiples of €100 thereafter, except for Professional Clients and Eligible Counterparties, for whom the minimum subscription amount is €100,000 and in multiples of €100 thereafter. |
| Amounts per Category |
Applications will be accepted from:
Any unallocated amounts may be reallocated among categories. |
| Maturity Date |
5 December 2035 |
| Callable Period | Unless redeemed on an Early Redemption (Exceptional Event) Date, any date between the fifth anniversary of the Issue Date and the Maturity Date, subject to the MFSA granting its prior permission and subject to the Issuer giving the Bondholders at least thirty (30) days’ prior notice |
| Opening of Offer Period | 5 November – 25 November 2025 (may close early if oversubscribed) |
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 base 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].