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Bank of Valletta p.l.c - New subordinated Bond issue

The Board of Directors of Bank of Valletta p.l.c. (the "Issuer") has announced the issuance of €50,000,000 3.75% unsecured subordinated Bonds redeemable between 2026 – 2031 (the "Bonds").

The Bonds will form an integral part of the Issuer’s capital plan and will strengthen Bank of Valletta’s Tier 2 capital. The proceeds from the issue of the Bonds will be used by the Issuer to meet part of its general financing requirements.

The Bonds will be offered for subscription to preferred applicants consisting of:

i) holders of 4.25% Bank of Valletta p.l.c. notes 2019 series 2/2012, tranche 1 who held said Bonds as at close of business on 2 May 2019 (last trading date being on 29 April 2019) and which were redeemed by the Issuer upon maturity on 17 May 2019;

ii) holders of 5.35% Bank of Valletta p.l.c. subordinated Bonds 2019 appearing on the Bond register as at 30 May 2019 (last trading date being on 28 May 2019)  which shall be redeemed by the Issuer upon maturity on 15 June 2019;

iii) shareholders of the Issuer registered in the register of shareholders as at 30 May 2019, and

iv) employees appearing on the payroll of the Issuer or any of its subsidiaries as at 30 May 2019, including directors sitting on the board of the Issuer or any of its subsidiaries.

Any balance of Bonds not subscribed for by preferred applicants shall be made available for subscription by the general public through an intermediaries’ offer.

Before making your investment decision, you are requested to read the Prospectus which contains further information on the Bonds. 

Medirect Bank (Malta) plc will be distributing these Bonds.

If you wish to apply for these Bonds you may visit one of our branches (located at Tignè Point in Sliema, Mosta, Paola and Rabat, Gozo). For more information, you can also contact us on (+356) 2557 4400 or send an email to customerservice@medirect.com.mt.


The information set forth in this email is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns. Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.

MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material is intended only for the use of the recipient and shall not be reproduced in any way, whether in whole or in part, by the recipient. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited. 

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