BOV Approves Euro Medium Term Note Programme
Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.
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.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which 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. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.