Bank of Valletta’s €40 million 4.8% notes fully subscribed

Bank of Valletta’s offer to the public of €40 million 4.80% Notes due 2018, was fully subscribed within a few hours after opening.

29 July 2011, 12:00am

“The overwhelming response of the public to this Notes issue is testimony to the strength and trust of the BOV brand,” said Charles Borg, Chief Officer, Financial Markets & Investments at Bank of Valletta.

Proceeds from the Notes shall be used by the Bank for its general corporate and funding purposes. Additionally, these Notes will serve as a means of diversifying the Bank’s funding sources and will enable the Bank to extend the duration of part of its funding.

The Bank will be announcing its allocation policy on Wednesday, 10 August 2011.