MeDirect Bank (Malta) plc - Details of New Bond Issue

On 15 September 2010 Mediterranean Bank plc announced a new €15 million bond issue. The bonds carry a coupon of 6.25% per annum and have a final maturity date of 30 October 2015.

Coupon:

6.25%

Amount Offered:

€15 million

Issue Price:

100% (par)

Interest Payment Date:

Annually on 30 October

Maturity:

The bonds will mature at 100% (par) on 30 October 2015

Use of Proceeds:

The proceeds raised will be used for the general corporate and investment purposes of the Bank and may include the following without any priority between the same:

a) to grow its investment portfolio in line with its investment strategy by investing in additional investment grade securities;

b) to refinance the Issuer’s general liabilities as they become due;

c) to enhance the Issuers’ available liquidity

Status & Security:

Unsecured

Listing:

Official List of the Malta Stock Exchange

Pre-placement Date:

7 October 2010

General Offer Period:

11 October 2010 to 15 October 2010

Minimum Application for bonds:

Pre-placement: Minimum of €1,000

General Public: €1,000 and in multiples of €100 thereafter.

Downloads:

Mediterranean Bank plc – Prospectus dated 13.09.2010

Mediterranean Bank plc – Authorisation to Apply Form – Sep 2010

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