HSBC announces €25m bond issue

HSBC Bank Malta said today that it had issued a prospectus in respect of an issue of €25,000,000, 5.9% Bonds of a nominal value of €100 per bond issued at par subject to an over-allotment option not exceeding €5,000,000.

Application has been made to the Listing Authority for the admissibility of the bonds to listing and trading at the Malta Stock Exchange. Charts Investment Management Service Ltd. is acting as sponsor to the application.

“We believe this bond issue represents a good investment opportunity for the local market with an attractive rate of interest,” said HSBC Bank Malta’s Chief Executive Officer, Alan Richards. “We think it provides a good long term investment opportunity for both small investors and institutions.”

Applications can be made for a minimum of €2,500 and thereafter in multiples of €100. The offer will open on 24 September until 30 September 2008. The offer may close earlier, without prior notice, if fully subscribed.