Bank of Valletta plc - Bond Issue Oversubscribed

On 13 June 2025, Bank of Valletta plc announced that the recent offer of up to €150 million 5.00% unsecured subordinated bonds 2030-35 has been oversubscribed and the Bank has exercised the over-allotment option in full. As a result, the offer will be closed ahead of schedule on Monday 16 June 2025 at 14.00 hours.

The company explained that it revised the expected timetable and will be announcing the basis of acceptance on 24 June 2025. The interest will also start accruing as from 24 June 2025. Meanwhile, the refunds of any unallocated monies will be processed by 1 July 2025, which is also the expected listing date of the bonds. Trading is set to commence on 2 July 2025.