HSBC Bank’s offer to the public of Lm20 million in subordinated bonds has been fully subscribed The 4.6 per cent bond issue received an excellent response, and as a consequence, the offer closed on the first day
The bank exercised its option to take on the Lm5 million over-allotment. This week the bank will announce its allocation policy to ensure a fair distribution of its bonds.
Rizzo, Farrugia & Co acted as sponsoring stockbrokers for this bond issue.