HSBC Bank Malta is offering Lm20 million (EUR46.6 million) in 4.6% Subordinated Bonds redeemable in 2017.
The bank said that offer is subject to an over-allotment option not exceeding in aggregate Lm5 million (EUR11.7 million) in any or a combination of Maltese Lira or Euro.
Applications must be for a minimum of Lm1,000 and thereafter in multiples of Lm100, or for a minimum of EUR2,500 and thereafter in multiples of EUR100.
Application has been made for the bonds to be listed on the Malta Stock Exchange.
The offer will be open from Thursday 18 January until Thursday 25 January 2007. However, the offer may close earlier, without prior notice, if fully subscribed.
"We think it provides a good long-term investment opportunity for investors, particularly as we move towards building pension funds for the future," HSBC Bank Malta CEO Shaun Wallis was quoted by the Times of Malta as announcing.
"We are hopeful that this offer will be attractive to both small investors and institutions alike," he added.
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