The pre-placing of the FIMbank bond issue up to 20 million euros or its US dollar equivalent took place today.

Subscriptions in excess of the placed portion of 20 million euros were received and the pre placing was consequently oversubscribed.

Subscriptions relating to preferred applicants, namely shareholders, directors and staff, were being met in full while those relating to authorised distributors werebeing scaled down proportionately to the sub-limit reserved of 10 million euros of the US dollar equivalent

FIMBank noted that this strong response to the pre-placing was likely to be carried over and mirrored into the general offer period starting next Thursday.

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