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6.25% Mediterranean Bank 2015 – Bond Details & Analysis

To view our Research Note on this issue please click here 

An Application form for this issue is available here 

Mediterranean Bank is specialist Maltese bank focusing on wealth management and savings. MedBank was first established in June 2004 and, as of July 2005, became a fully licensed Maltese credit institution, regulated by the Malta Financial Services Authority (MFSA). The Bank is a participant in the Depositor Compensation scheme established under the Laws of Malta.

In July 2009, AnaCap Financial Partners, a European private equity firm specialising in financial services, and senior management acquired and recapitalised the bank. Under new management, we have rebuilt our team to blend international expertise with top Maltese banking professionals.

Bond Details

Coupon 6.25%
Denomination Euro €
Issue Price Par (100 per bond)
Size of Issue €15 million
Interest Payment Dates 30 October (Annually)
Maturity date 30 October 2015 at par (100 per bond)
Listing Malta Stock Exchange

Time Table

Pre-placement date 7th October (minimum €1,000)
General Offer Period 11th October – 15th October
Announcement of basis of acceptance 22nd October
Commencement of interest on bonds 22nd October
Expected dispatch of allotment advices 29th October
Refunds of unallocated monies 29th October
Admission to trading 1st Novemeber

Minimum application for bonds

General Offer € 1,000 and muliples of €100 thereafter
Pre-placement €1,000

The Prospectus for this issue is available here

For advice on whether this bond issue is suitable for inclusion in your investment portfolio please contact one of our investment advisors on 25 688 688 or send us an email on [email protected]. Calamatta Cuschieri is the sponsoring stockbroker for this issue.