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Funds Updates
23/06/2013
Notice of over-subscription - €10m 7.5% Subordinated Bonds 2019

Notice of over-subscription equivalent €10m 7.5% subordinated 2019.

With reference to the Company’s announcement dated 14 June 2013 (Med024), Mediterranean Bank plc is pleased to announce that the issue of the euro equivalent of €10,000,000 aggregate principal amount of 7.5% Subordinated Bonds due 2019 denominated in euro and pounds sterling has closed on the day of opening due to over-subscription.

According to the Prospectus, the Company will be announcing the basis of acceptance of applications and allocation policy by not later than 1 July 2013.

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.