Mizzi bond issue oversubscribed

Mizzi Organisation Finance plc said there had been an overwhelming response by the public to the Lm5 million 6.7 per cent Bonds 2009 - 2012, the subscription list of which opened and closed yesterday. As the issue has been oversubscribed twice over...

Mizzi Organisation Finance plc said there had been an overwhelming response by the public to the Lm5 million 6.7 per cent Bonds 2009 - 2012, the subscription list of which opened and closed yesterday.

As the issue has been oversubscribed twice over within a few hours, the board of directors has decided to exercise the over-allottment option.

The basis of the allocation policy to be adopted will be announced towards the end of next week.

The issue, the first for Mizzi Organisation, was underwritten by Bank of Valletta with the bank also acting as manager and registrar while Vincent J. Rizzo of Rizzo Farrugia & Co (Stockbrokers) Ltd acted as sponsoring stockbroker.

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