HSBC Bank Malta plc - Subordinated Loan
On 14 December, HSBC Bank Malta plc announced that it secured a €62 million subordinated loan from HSBC Bank plc which will form part of its Tier 2 capital.
The loan has a term of 10 years and bears interest at a rate equal to 3-month EURIBOR plus a margin of 206 basis points which currently results in an effective rate of 1.75%.