Bank of Valletta plc has announced that the over-allotment option of its latest bond offering has been fully taken up.

The issuance, forming the first series and tranche under the Bank’s €325 million Euro Medium Term Bond Programme, saw the initial €100 million allocation of 5 per cent unsecured subordinated bonds maturing between 2030 and 2035 subscribed in full within days of its 5th November 2025 launch.

In response, BOV exercised the over-allotment option in full, increasing the total allocation to €125 million.

Announcing the closure of the issue, BOV Chairperson Gordon Cordina and CEO Kenneth Farrugia expressed their appreciation for the robust market support.

“This successful closure highlights the strength of the bank, which holds a balance sheet representing a significant share of the Maltese economy. We are committed to continuing to deliver long-term value to our shareholders, investors and stakeholders, and this issue is yet another initiative in support of this strategic thrust,” Dr Cordina said.

Kenneth Farrugia echoed these sentiments: “The strong investor response confirms our strategy and financial performance. With consistent results quarter on quarter, we are well-positioned to pursue our growth ambitions while maintaining a solid capital base. I am grateful to our investors for their continued confidence, and the dedication of the bank’s employees who remain focused on delivering value to all the communities we serve.”