Fimbank launches bond issue
Malta-based international banking group Fimbank plc last week announced the €15 million issue of seven per cent subordinated bonds maturing in 2012-2019.
The issue is subject to an over-allotment option of a further €15 million, and bonds may be denominated in euro or dollar. Fimbank Group recently announced significant increases in its operating income and activity base to register an after-tax profit of $24.8 million, up from $10.5 million in 2007.
Full details of the published prospectus are available at www.mfsa.com.mt or www.fimbank.com.
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