Bank of Valletta has listed €150 million in unsecured bonds on the Malta Stock Exchange following strong demand from both institutional and retail investors. The bond, initially set at €100 million, was upsized through an overallotment option after being oversubscribed within days of its May launch.
The issue forms part of BOV’s Euro Medium Term Note programme and is one of the largest corporate debt listings on the market this year. The proceeds will strengthen the bank’s capital position, supporting long-term growth and boosting its capital adequacy and MREL buffers.
This marks the second tranche under the programme and aligns with BOV’s broader capital optimisation strategy. The transaction was led by Romeo Cutajar and Mark Scicluna, heading the Capital Issuance and Capital Markets teams respectively.
The bond issue adds to a busy period for Malta’s capital markets, which have seen elevated interest in fixed-income products. With investor appetite for yield still strong and local deposit levels at historic highs, banks are increasingly tapping the market to fund their balance sheets.
BOV’s successful raise positions it well for future activity and underscores its role as a leading player in Malta’s financial ecosystem.
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