Mediterranean Bank plc – Allotment Policy 2017 Issue

October 17, 2017
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Mediterranean Bank plc (the "Issuer") is pleased to announce the basis of acceptance for the issue of Euro equivalent of €20,000,000 5% Subordinated Unsecured Bonds 2027 (the "Bonds").

In terms of the Prospectus, the Bonds were available for subscription in the Intermediaries' Offer which was held on 13 October 2017. Amounts subscribed for by Authorised Financial Intermediaries amounted to £1,188,000 (equivalent to €1,349,000) and €18,651,000 for the GBP Bonds and EUR Bonds respectively.

Interest on the Bonds commenced on 13 October 2017. The Bonds are expected to be admitted to listing on the Official list of the Malta Stock Exchange on 19 October 2017 and trading is expected to commence on 20 October 2017.

The Board of Directors of Mediterranean Bank plc thanks the investing public and participating Authorised Financial Intermediaries for the support shown in this Bond Issue.

 

To view the Official Announcement click here.