5.9% HSBC Bank Malta plc 2018

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HSBC Bank Malta plc - Prospectus 15th September 2008

The Company

In June 1999, HSBC Holdings plc acquired 70.03% of the shareholding of Mid-Med Bank plc from the Government of Malta. The remaining 29.97% of the shares remain in the hands of the public. The origins of Mid-Med date back to 1882 when the Anglo-Egyptian bank was established. This bank subsequently became Barclays Bank Dominion and Overseas. In 1975, the business of Barclays Bank International Ltd. was taken over by Mid-Med Bank Ltd.

The bank is authorised to carry on the business of banking under the Banking Act, 1994 as a credit institution. It is also an authorised dealer in terms of the Exchange Control Act (Cap.233) and a licensed financial intermediary in terms of the Stock Exchange Act, 1990. The bank also holds a Category 3 and a Category 4 Investment Services licence issued by the Malta Financial Services Authority in terms of the Investment Services Act, 1994. These licences authorise the bank to provide both investment services to third parties and trustee or custodian services for collective investment schemes. HSBC Bank Malta plc has several branches and agencies in Malta and Gozo and offers a diversified range of financial services. Some of the services offered include personal and commercial banking, fund management and administrative services, treasury management, international banking, capital market and investment services, and life assurance.

HSBC Bank Malta plc is a member of the HSBC Group, whose parent company is HSBC Holdings plc.

Use of Proceeds

The net proceeds from the bond issue will be used by HSBC to meet part of its general financing requirements particularly to match its 10-year loans. Moreover, the funds constitute additional own funds (Tier II capital) in terms of the Banking Act. This will help HSBC to maintain its capital ratio above the Group’s benchmark of 10% and regulatory requirement of 8%. As at 31 December 2007, the capital ratio was of 10.31% and this is expected to rise to 10.47% by end of 2008.

Security & Status

Unsecured & Subordinated.

Coupon

5.9%

Amount Issued

€30,000,000

ISIN Code

MT0000031238

Maturity

The bonds will be redeemed at 100% (par) on 7 October 2018.

Interest Payment

Semi-Annually on 7 April and 7 October

XD Dates

25 March and 24 September

Listing

Official List

No of Bondholders

2,847

Directors

Albert Mizzi (Chairman), Alan Richards, Philip Farrugia, Peter William Boyles, Philip Farrugia Randon, Charles J. Farrugia, Sonny Portelli, Peter Paul Testaferrata Moroni Viani and James Dunbar Cousin.

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