Mediterranean Bank Plc – Issue of Euro Equivalent of €10,000,000 7.5% Subordinated Bonds 2019

Mediterranean Bank plc announced that the issue of euro equivalent of Eur 10M 7.5% Subordinated Bonds due 2019 denominated in euro and pound sterling has closed on the day of opening due to over-subscription. The company has elected to excerise the over-allotment option, referred to in the prospectus dated 21 November 2012, for the issue of the euro-equivalent of an additional Eur 2.5M in bonds.

According to the prospectus, the company will be announcing the basis of acceptance of applications and allocation policy by not later than the 7th of December 2012.

To view the official company announcement, click here.