Mediterranean Bank p.l.c. has announced the allotment policy to be applied on the applications of its bonds which were open for public subscription on October 11.

Applications for bonds having a nominal value up to and including €100,000 representing 99 per cent of the total applications will be met in full. Applications for bonds having a nominal value in excess of €100,000 will be met as follows: The first €100,000 from the amount applied for will be met in full, while 64.23 per cent of the remaining portion will be allotted.

Registration advices will be mailed on Monday and refunds of un-allocated monies will be paid by Monday by direct credit in the bank account indicated on the respective application forms.

There was a strong demand for the €15,000,000 6.25% bonds 2015 and subscription lists were closed within the first hour from opening.

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