BOV to issue €125m 5% unsecured subordinated bonds

The MSE Equity Price Index rose by 0.33% to 3,743.230 points as the gains in APS, BOV, GO, HSBC, and MIA outweighed the declines in IHI and Malita. Meanwhile, four other equities closed unchanged as today’s trading activity amounted to €0.54 million.Download today’s Equity Market Summary.

Bank of Valletta plc moved 0.5% higher to the €1.86 level over seventeen deals totalling 215,699 shares. Today, BOV announced that the Board of Directors approved a draft base prospectus in respect of an Unsecured Euro Medium Term Bond Programme of up to €325 million and approved the filing of an application with the MFSA requesting admissibility to listing of the Programme. Subject to regulatory approval, BOV will be issuing the first series and tranche of bonds under the Programme consisting of up to €125 million 5% unsecured subordinated bonds maturing in 2030-2035.

Also in the banking sector, APS Bank plc advanced by 3.9% to the €0.53 level over three trades amounting to 9,790 shares. Yesterday, APS announced that subject to regulatory approval, it will be offering 3 new shares for every 11 ordinary shares held (3-for-11 rights issue), which shall have the same rights and entitlements to existing shares. The announcement stated that the rights issue price has been set at €0.44 per new ordinary share. This represents a discount of 43% to the net asset value of €0.775 per share as at 30 June 2025. APS explained that the Rights Issue will first be offered to shareholders as at the close of trading on Thursday 2 October 2025. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer, also at a price of €0.44 per share. APS reiterated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage, with the publication of the prospectus and relative application forms expected in the second half of October 2025.

HSBC Bank Malta plc rose by 1.4% to the €1.43 level over three trades totalling 4,866 shares.

GO plc moved 0.8% higher to the €2.66 level across three deals amounting to 16,500 shares.

Malta International Airport plc increased by 0.8% to the €6.00 level across three trades totalling 2,847 shares.

On the other hand, International Hotel Investments plc slumped by 4.0% to the €0.432 level on a single deal of 1,000 shares.

Malita Investments plc fell by 2.2% to the €0.44 level on two trades of 2,500 shares.

Hili Properties plc traded flat at the €0.24 level across 111,000 shares.

Simonds Farsons Cisk plc held the €4.90 level across six deals totalling 3,607 shares.

Malta Properties Company plc (55,387 shares) and Lombard Bank Malta plc (115 shares) closed unchanged at the €0.34 and €0.70 levels respectively.

RF MGS Index fell by 0.2% to 908.112 points. Data published today showed that inflation in the euro area during September edged up to a five-month high of 2.2%, driven by a smaller decrease in energy prices which fell by 0.4% compared to 2.0% last August. Service inflation, which has been an area of persistent concern by the ECB rebounded back to 3.2% from 3.1% in the previous month while core inflation remained unchanged at 2.3%, maintaining its lowest level since January 2022. Meanwhile in the US, the federal government had to shut down its operations after Congress failed to reach a funding agreement, which also impacts the release of several key economic data reports.

 

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.