3.5% Bank of Valletta plc 2030 – S1 T1 (Subordinated)

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Bank of Valletta plc - Final Terms - Tranche 1 - Series 1 dated 10 November 2015

The Company

Bank of Valletta p.l.c. was established on 21 March 1974. However its roots date back to 1809, when a group of prominent Maltese and British businessmen founded the Anglo-Maltese bank.

Banco di Malta and B Tagliaferro & Sons were established in 1812 whilst Sciclunas Bank was set up in 1830. In 1946, the Anglo-Maltese Bank and Banco di Malta merged and formed the National Bank of Malta. Three years later, Sciclunas Bank affiliated with the National Bank of Malta to form the National Bank of Malta Group. B Tagliaferro & Sons became part of the Group in 1969. In 1974, Bank of Valletta took over the business of the National Bank of Malta. A minority of the Bank’s shares (9.6%) was sold to the Maltese public in 1974, while in 1975, another 20% of the share capital was sold to Banco di Sicilia.

The Company is authorised to carry on the business of banking under the Banking Act, Cap. 371 of the Laws of Malta, as a credit institution; it is licensed to provide investment services in terms of the Investment Services Act, Cap. 370 of the Laws of Malta, and is a licensed insurance sub-agent in terms of the Insurance Brokers and other Intermediaries Act (Cap. 404 of the Laws of Malta).

The Company is both the parent company and the principal operating arm of the BOV Group. Throughout the last ten years the BOV Group has diversified its areas of operation both through the Company and through subsidiaries but commercial banking undertaken through the Company remains the core of the BOV Group’s business. The BOV Group’s diversification has been principally in areas of financial services such as insurance and investment business, which complement its core banking business.

Use of Proceeds

The proceeds from the Notes were used by the Issuer to strengthen in its Tier 2 capital as required by European banking regulations and to meet part of the Issuer’s general financing requirements.

Security & Status

Unsecured & Subordinated

Coupon

3.5%

Amount Issued

€66,920,500

ISIN Code

MT0000021312

Maturity

The bonds will be redeemed at 100% (par) on 8 August 2030.

Interest Payment

Semi- annually on 08 February and 08 August

XD Date

25 January and 25 July

Listing

Official List

Secondary Market Trading

Trading on the secondary market in the Series 1 notes will take place in multiples of €100 subject to the retention of a minimum holding of €25,000 by each individual at all times throughout the investment in these Notes.

Downloads

Bank of Valletta plc – Base Prospectus dated 16 October 2015

Bank of Valletta plc – Supplement dated 9 November 2015

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