BOV bond issue oversubscribed with strong investor response

Bank of Valletta has announced the successful closure of the first series and tranche under the €325 million Unsecured Euro Medium Term Bond Programme. This included an initial issuance of €100 million 5% unsecured subordinated bonds maturing in 2030-2035, with the Bank exercising the Over-Allotment Option in full, and subsequently increasing the allocation to €125 million in response to substantial demand. The Bond Issue was fully subscribed within days of its launch to the market on 5^th November 2025, reflecting the confidence in the Bank’s stability and strategic direction.

Speaking on the closure of the Bond Issue, Dr Gordon Cordina, Chairperson of BOV, together with CEO Kenneth Farrugia, expressed their appreciation for the strong investor response, noting it as a testament to the Bank’s solid reputation, performance and market trust.

Dr Gordon Cordina stated that “This successful closure highlights the strength of the Bank, which holds a balance sheet representing a significant share of the Maltese economy. We are committed to continuing to deliver long-term value to our shareholders, investors and stakeholders, and this issue is yet another initiative in support of this strategic thrust.”

Kenneth Farrugia said, “The strong investor response confirms our strategy and financial performance. With consistent results quarter on quarter, we are well-positioned to pursue our growth ambitions while maintaining a solid capital base. I am grateful to our investors for their continued confidence, and the dedication of the Bank’s employees who remain focused on delivering value to all the communities we serve.”