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NEW ISSUE – BOV 4.8% 2018


BOV will be issuing the 1st Tranche of €40 million from a €125 million Debt Issuance Program.

The notes main features are the following:

Opening of Subscriptions: 28 July 2011

Closing of Subscriptions: Noon on 3 August 2011 or earlier at the sole discretion of the Issuer

Issue Price: €100

Minimum per Subscription: €1,000 and in multiples of €100 thereafter

Amount: €40,000,000 (No-over allotment option)

Fixed Rate of Interest: 4.80% per annum

Interest Payment Dates: 27 February and 27 August

First Interest Payment Date: 27 February 2012

Maturity Date: 27 August 2018

Use of proceeds:

The net proceeds from this issue of Notes, amounting to circa €39.55 million, will be used by BOV for its general corporate and funding purposes such as the provision of loans and advances. Additionally, these proceeds, besides serving as a means of diversifying BOV’s funding sources, will also enable the Bank to extend the duration of part of its funding base.

- CC WebTrader users may apply directly online, by selecting 4.8% BOV 2018 from the order form list

- Existing clients who do not have trading access may call our offices or send an email to [email protected]

- New Clients may fill in the form by clicking here

- The prospectus is available by clicking here

 

For advice on whether this 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]