BOV Approves Euro Medium Term Note Programme

The MSE Equity Price Index rose by 0.36% to 4,011 points driven by gains in BOV, Computime and GO. Meanwhile, five equities closed unchanged as today’s trading activity was muted at just around €50,000. Download today’s Equity Market Summary.

Bank of Valletta plc gained 1.0% to the €2.04 level across eight trades totalling 10,984 shares. Today, BOV published a Base Prospectus for a €650 million Euro Medium Term Note Programme following approval by the Central Bank of Ireland. Under the Programme, BOV may issue notes denominated in any currency agreed between the Issuer and the relevant dealers. Notes may be issued as Senior Preferred Notes, Senior Non-Preferred Notes or Tier 2 Notes, as specified in the relevant Final Terms for each tranche. Notes issued under the Programme may only be issued with a minimum denomination of €100,000. UBS Europe SE and Citigroup Global Markets Europe AG have been appointed as joint arrangers and dealers under the Programme. Tranches of Notes issued under the Programme will be rated or unrated, as specified in the relevant Final Terms. The net proceeds from each issue of Notes will be used to further strengthen the Bank’s MREL. Notes issued under the Programme are expected to be listed on the Official List and admitted to trading on Euronext Dublin.

Computime Holdings plc rose by 7.6% to the €0.484 level on a single deal of 11,000 shares.

GO plc edged 0.8% higher to the €2.50 level on six deals amounting to 7,900 shares.

Meanwhile, APS Bank plc closed unchanged at the €0.55 level across six trades totalling 3,320 shares.

BMIT Technologies plc held the €0.264 level across four trades amounting to 12,400 shares.

Malta Properties Company plc retained the €0.38 level on three deals totalling 2,173 shares.

The ordinary shares of RS2 plc held the €0.29 level over trivial volumes.

The RF MGS Index fell by 0.08% to 890.151 points as the US 10-year treasury rose above 4.5% today reaching the highest level since May 2025 driven by mounting inflationary pressures and rising oil prices related to the ongoing war in the Middle East. Consequently, markets have now fully priced out any possibility of a federal funds rate cut this year, with some traders increasingly pricing in the possibility of a rate hike.

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.