Bonds and Shares
12/11/2014
New MedBank Subordinated Bond Issue

Mediterranean Bank plc is pleased to announce its new bond issue. With a coupon of 6%, the issue is subordinated and unsecured. It matures in 2024 but is callable as from 2019.

Applications are available from authorised financial intermediaries, including all Mediterranean Bank branches (Valletta, Sliema, Paola, Mosta, Qormi and Victoria, Gozo) and a copy of the Prospectus together with an Addendum can be found on our website.

A minimum investment of €25,000 (or £20,000) is required to subscribe for this bond issue.

Existing holders of the 6.25% Mediterranean Bank plc bond 2015 (the “2015 Bonds”) can elect to exchange their existing holdings into the new 6% Subordinated Unsecured Bonds 2019-2024 in Euro (the “Subordinated Bonds”), also subject to the minimum investment requirement.

The closing date for applications to exchange the 2015 Bonds is the 20th of November 2014. The closing date for applications to subscribe the Subordinated Bonds from authorised financial intermediaries is the 21st of November 2014.

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