Bank of Valletta has announced that it has reached the full €100 million allocation of the first series and tranche of its new 5% unsecured subordinated bonds, issued under the bank’s €325 million Unsecured Euro Medium Term Bond Programme maturing between 2030 and 2035.

The milestone was reached following strong investor interest, mirroring market confidence in BOV after its successful €150 million subordinated bond earlier this year, which closed within days due to high demand.

Given the ongoing interest from the market and current investor meetings held by the Bank and third-party intermediaries, the bond issue will remain open until 25 November under the Over-Allotment Option. This extension ensures that the public has sufficient time to participate, while supporting the bank’s continued commitment to the local economy and its long-term value strategy for shareholders and investors.

The Medium Term Bond Programme is intended to strengthen BOV’s capital position in line with its 2024–2026 strategic plan, enabling support for forecasted balance sheet growth and improving capital efficiency. The programme also prepares the bank for forthcoming regulatory changes under CRR III, which introduce higher risk weightings for specific exposures.

The bank emphasised that the bond is classified as a complex instrument and may not be suitable for all retail investors. Potential investors must undergo a suitability test to ensure full understanding of the product and its risks.

All official documents, including the base prospectus and final terms, are available on BOV’s website. The approval of the prospectus should not be interpreted as an endorsement of the securities offered.