Bank of Valletta has announced his allotment policy after the €40m 4.25% Notes 2019 it issued were oversubscribed.
The Bank received 2,865 applications for a total value of €43,303,300 and will be
adopting the following allocation policy:
• Applications up to and including €25,000 shall receive an allocation of 100%;
• Applications in excess of €25,000 shall receive the first €25,000 in full and
36.19% of the remaining amount.
91.52% of applicants participating in the Issue shall receive a full allotment.
Interest on the Notes will accrue as from today.
Allotment letters will be mailed and refunds of unallocated funds will be effected by Wednesday, 18 April 2012.