Mediterranean Bank Plc – Allocations of Euro equiv. €10m 7.5% Subordinated Bonds 2019

Mediterranean Bank plc announced that the basis of acceptance of the issue of euro equivalent of EUR 10M 7.5% Subordinated Bonds 2019 which opened for public subscription on the 3rd of December 2012.

As already announced, the bond issue closed on the day of opening due to over-subscription. The company has elected to excersice the over-allotment option and issued the euro equivalent of an additional EUR 2.5M in bonds.

The company received a total of GBP 1,911,000 and EUR 13,435,000 for the GBP bonds and the EUR bonds respectively, which is EUR 3,285,000 in excess of the maximum aggregate amount of the euro equivalent of EUR 12.5M.

To view the official company announcement, click here.