Bank of Valletta today announced the allotment policy for applications received in respect of its 4.8% Notes 2018 Issue.
In view of the strong demand, the bank closed the subscription lists shortly after
opening on 28 July.
The first Series and Tranche under the Debt Issuance Programme of €125,000,000 consisted of an offer of €40,000,000.
The bank received 2,842 applications for a total value of €55,345,000 and will be
adopting the following Allocation Policy:
Applications up to and including €50,000 shall receive an allocation of 100%;
Applications in excess of €50,000 shall receive an allocation of about 17.43%.
About 96.40% of applicants participating in the issue shall receive a full allotment.
Interest on the Notes will accrue from today. Allotment letters will be mailed, and refunds of unallocated monies will be effected by not later than tomorrow.