Bank of Valletta announces 5% subordinated bonds maturing in 2030 – 2035 

Bank of Valletta p.l.c. has announced the issuance of €100,000,000, or up to €125,000,000 in the event of exercise of the over-allotment option, 5% subordinated bonds redeemable in 2030-2035, having a nominal value of €100 per bond issued and redeemable at par. 

Find out more details in the below Base Prospectus and Final Terms. 

Business Overview 

Bank of Valletta plc is a public limited liability company registered in Malta in terms of the Companies Act. 

The Bank is a commercial bank, operating, together with its Subsidiaries, predominantly in Malta. The activities of the Bank are generally licensable activities regulated under the domestic and EU financial regulatory framework. In this respect, the Issuer is licensed by the MFSA as: 

• a credit institution under the Banking Act; 

• an investment firm and depository pursuant to the Investment Services Act; 

• a trustee or co-trustee pursuant to the Trusts and Trustees Act (Chapter 331 of the laws of Malta); and 

• a tied insurance intermediary of each of the Associated Companies under the Insurance Distribution Act (Chapter 487 of the laws of Malta). 

Use of proceeds 

The net proceeds from the bonds to be issued under the Final Terms will be used to reinforce the Group’s MREL and/or its capital base, as appropriate, and to support the continued growth of the Bank’s balance sheet, enabling it to expand its lending portfolio, pursue a broader range of proprietary investment opportunities, and for the general financing purposes of the Group. 

How to apply: 

The bond offer is open to existing bondholders and shareholders, group employees (collectively the ‘Preferred Applicants’), along with the general public, professional clients, and eligible counterparties.   

There are no fees to apply; this includes both nominee and non-nominee (certificated) applications. 

If you are interested in participating in the Bond Issue and need to fund your account with us, we strongly recommend that you send a bank transfer to the IBAN provided on your account for fast, straight-through processing. This can be found easily on your portfolio and statement reports or via the Moneybase platform. Please contact customer care if you are unable to locate this. You can also fund your account by card through the Moneybase platform. 

Online 

Our award-winning platform, Moneybase, is available as an app on both Android and IOS app stores and on the web. 

If you are a preferred applicant, kindly look up the following instrument on Moneybase and specify the amount of bonds for which you would like to subscribe: 

• 5% BOV Plc 2030-2035 S1 T1 Form A Preferred  

Preferred applicants are requested to provide us with a completed ‘Application Form ‘A’ – Existing Bondholders / Existing Shareholders / Group Employees’ that has been provided to you. 

If you hold your BOV bonds or shares under our nominee, no form is required. 

Alternatively, if you are a general applicant, kindly look up the following instrument on Moneybase and specify the amount of bonds for which you would like to subscribe: 

• 5% BOV Plc 2030-2035 S1 T1 Form C General  

Non-nominee (certificated) general applicants must provide a completed ‘Application n Form ‘C’ – General Public’  

The minimum application amount is €10,000 and in multiples of €100 thereafter. 

Advisory 

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema, and Fgura), contact us via email at [email protected], or call our customer support on +356 25 688 688. 

If you need assistance, our ISO-certified customer care team is available to assist 7 days a week.

Calamatta Cuschieri Investment Services Ltd is a member of the Maltese Investor Compensation Scheme. Instruments entrusted to us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09). 

This is a complex instrument. The value of the investment can go down as well as up. Prospective investors wishing to subscribe to the bonds should make their own assessment and carefully consider the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds and should seek the assistance of a financial advisor if in doubt. This advertisement was approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.