HSBC Bank Malta plc - Preplacement Oversubscribed

HSBC announced this afternoon that the preplacement in relation to the new bond issue carrying a coupon on 5.9% was over-subscribed by 2.54 times as total demand exceeded €38 million compared to maximum allotment of €15 million during today’s preplacement. On Monday HSBC announced a €25 million issue subject to an over-allotment option of up to a further €5 million. The balance of €15 million will be available to the General Public which opens on Wednesday 24 September.  Applications during the General Public offer are for a minimum of €2,500 (nominal) and in multiples of €100 thereafter.

Comments are closed.