BOV’s €40 million 4.25% notes due 2019 fully subscribed
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Bank of Valletta’s offer of €40 million 4.25% Notes due 2019 has been fully subscribed.
Whilst expressing his satisfaction to the Notes’ take up, Charles Borg, BOV’s Chief Executive Officer stated, “The response of investors to this offer has once again given testimony to the strength and trust of the BOV brand.” Mr Borg further stated that the proceeds from the Notes will be used by the Bank in the management of its assets and liabilities, whilst offering the public an investment opportunity not currently provided for by the Bank’s suite of deposit products.
The Bank will be announcing its allocation policy in the coming days.
The Notes are unsubordinated and unsecured. The value of investments may increase as well as decrease and past performance is not an indication of future performance.