HSBC Bank Malta announced that it is offering €25 million in 5.90 per cent per annum subordinated bonds redeemable in 2018. The bond issue is subject to an over-allotment option not exceeding e5 million. The nominal value of the bonds on offer will be repayable in full upon redemption.

Applications can be made for a minimum of e2,500 and thereafter in multiples of e100. The offer will be open from 24 to 30 September. The offer may close earlier, without prior notice, if fully subscribed.

The bank has lodged an application for the listing of the bonds on the Malta Stock Exchange. Charts Investment Management Service Ltd have been mandated to act as sponsoring stockbrokers.

More information is available in the prospectus dated 15 September. The prospectus and application forms can be obtained from any HSBC branch, ShareShops and authorised distributors. One can also call HSBC’s Customer Service on 2380 2380 or visit the website www.hsbc.com.mt.