On 17 April it was announced that total demand during the preplacement of FIMBank’s bond issue exceeded €20 million compared to the maximum allotment of €20 million. This issue was over-subscribed by 2.54 times and those applicants under the pre-placement were allotted 39.43% of their subscription.
FIMBank’s €15 million 7% bond issue is subject on over-allotment option of a further €15 million. Therefore the balance of €10 million is available under the General Public Offering which opens on Thursday 23 April. Applications during the General Public offer are for a minimum of €2,000 (nominal) for EUR applications and a minimum of US$2,000 (nominal) for the US Dollar issue.