HSBC Bank Malta plc - MREL Capital Buffer

On 16 December 2021, HSBC Bank Malta plc announced that it entered into a 10-year unsecured €60 million loan agreement with HSBC Bank plc to enable the bank meet the interim targets for minimum requirement for own funds and eligible liabilities (‘MREL’) as set by the Single Resolution Board. The loan has an option of early repayment and bears interest at a rate equal to 3-months EURIBOR plus a margin of 117 basis point which currently results in an effective rate of around 0.6%.