On 18 October 2025, Bank of Valletta p.l.c. (“BOV”) published a Base Prospectus and the Final Terms relating to the issuance of up to €125 million 5.00% unsecured subordinated bonds redeemable between 2030 and 2035, as part of a Bond Issuance Programme of up to €325 million.
An amount of €50 million will be reserved for subscription by BOV bondholders, shareholders and employees, €25 million will be reserved for subscription by professional clients and eligible counterparties, whilst another €25 million will be reserved for subscription by the general public. Any additional bonds allotted further to the exercise of the overallotment option of €25 million will be allocated at BOV’s discretion depending on the total level of subscription by each category of investor.
The bonds are available for subscription through the Authorised Financial Intermediaries listed in Annex II of the Final Terms.
Applications by retail clients are subject to a suitability assessment and are also subject to a minimum subscription amount of €10,000 and in multiples of €100 thereafter.
The offer period closes on 25 November 2025 or earlier at the discretion of BOV. The bonds are expected to be admitted to listing on or around 12 December 2025.
Downloads:
Base Prospectus dated 17 October 2025
Final Terms dated 17 October 2025
Important Information:
This advertisement is intended for the general public and does not constitute investment advice, a solicitation, or an offer to subscribe for, or purchase any securities. The value of investments may go down as well as up and past performance is not necessarily a guide to future performance. Investors may not get back the amount originally invested. The financial instrument referred to in this advertisement is classified as complex for the purposes of MIFID II and is subject to BRRD II resolution regime. As a result, the Bonds may not be suitable or appropriate for every investor. Retail investors may only subscribe for Bonds after passing a suitability assessment. Prospective investors should read the Base Prospectus and Final Terms in full and consult a financial adviser before making any investment decision.
M.Z. Investment Services Limited of 63, MZ House, St Rita Street, Rabat RBT 1523, Malta, is regulated by the Malta Financial Services Authority and licensed to conduct investment services business in terms of the Investment Services Act (Cap. 370 of the Laws of Malta).
MZ Investments is an authorised financial intermediary for this bond issue. As a result, MZ Investments may have interests that differ from those of prospective investors. Prospective investors should consider this before making any investment decisions.