30 April, 2026
Bank of Valletta announced that it has reached the initial €100 million of the first series and tranche of the 5% unsecured subordinated bonds under the €325 million Unsecured Euro Medium Term Bond maturing in 2030-2035.
Due to investor demand the Bond Issue will remain open till 25th November, under Bank of Valletta’s Over-Allotment Option, allowing the management of investor meetings currently in progress with the Bank and third-party intermediary representatives. This is also in line with the Bank’s commitment to continue supporting the local economy as well as providing long-term value to shareholders and investors, allowing the public the time necessary to participate in this opportunity.
The strong response to the bond is a testament to the Bank’s solid reputation, performance and market trust, and follows the successful €150 million unsecured subordinated bond issued earlier this year, which closed after a few days following a strong response from investors.
The purpose of the programme is to enable the Bank to consolidate its capital position, mainly in support of the forecasted balance sheet growth in line with its 2024-2026 strategy. It also targets improved capital efficiency and ensures compliance with evolving regulatory demands under CRR III, including higher risk weightings for specific exposures.
Given its features, the bond is classified as a complex instrument and may be difficult for potential investors to understand. As a result, it might not be suitable for all types of retail investors. Potential investors are advised that a suitability test is a required step to ensure full understanding and an appropriate fit for their investment portfolio. The publication of the base prospectus and the final terms, and additional information are available at https://www.bov.com/bond-prospectus. The approval of the prospectus should not be understood as an endorsement of the securities offered or admitted to trading on a regulated market.
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