Applications open today for the e10 million bond offering by Global Financial Services Group plc, which is listed on the Malta Stock Exchange and forms part of GlobalCapital.

The bond is subject to an over-allotment option of e7 million. This is the first such bond offering by the company. It is underwritten by HSBC Bank Malta plc to the extent of 50 per cent, and sponsored by HSBC Stockbrokers (Malta) Ltd.

The bond matures in 2016, subject to an early redemption option that may be exercised by Global Financial Services Group plc in 2014 or 2015.

The coupon rate is 5.6 per cent and the minimum subscription is of Euro 2,500.

Global Financial Services Group plc has applied for the listing and trading of the bonds on the Malta Stock Exchange official list.

The net proceeds of the bond will be used for general financing purposes by Global Financial Services Group plc and GlobalCapital.

Copies of the prospectus are available at GlobalCapital, 120 The Strand, Gzira, at all branches of HSBC Bank Malta plc and Bank of Valletta plc, and from authorised distributors. More information on the bond offer is available through Freephone 8007 3131.