Bank of Valletta plc - Bond Issue Oversubscribed
On 25 October 2024, Bank of Valletta plc announced that the recent offer of €100 million 5.00% unsecured subordinated bonds 2029-34 has been oversubscribed. As a result, the offer was closed ahead of schedule on 24 October 2024 at 14.00 hours.
BOV noted that it will be carrying out a scaling down process in terms of the Final Terms. The company explained that it revised the timetable and will be announcing the allocation policy by 4 November 2024.
The Interest Commencement Date was also moved to 4 November 2024. The Bonds are expected to be listed on 11 November 2024 and trading is expected to commence on 12 November 2024.