Izola Bank plc - New Bond Issue

Monday, May 4th, 2015

On 1 May, Izola Bank plc announced that it submitted an application to the Listing Authority of the Malta Financial Services Authority (MFSA) requesting the admissibility to listing of €12 million in bonds redeemable in 2025.

The proceeds from the new bond issue will be used to finance the redemption of the outstanding €9 million 5.35% secured notes on 30 June 2015 and the balance to meet the Bank’s general funding requirements.

The announcement also explained that holders of the maturing notes will be given preference to subscribe to the new bonds by surrendering their existing holding.

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