Izola Bank has announced that it will be redeeming its €12 million 4.5 per cent unsecured bonds later this month.

The bonds, initially issued in May 2015, are bound to mature by 30th June 2025.

In its statement, Izola Bank said that bondholders will redeem their investments “as at close of business on 13th June 2025,” stating that trading following that date will be suspended.

Izola Bank thanked all its bondholders and “participating financial intermediaries” for their “trust and support.”

In 2024, the Bank repurchased and cancelled a portion of its own bonds totalling €129,200, which reduced its outstanding repayment obligation for 2025.

According to the latest financial statements, the remaining amount due at maturity now stands at €3,056,800, down from €3,186,000 in 2023.

By the end of the 2024 financial year, the bonds were trading at their full nominal value of €100, up slightly from €98 at the end of 2023.

In 2025, the MFSA imposed an administrative penalty of €126,000, due to failings related to the Market Abuse Regulation (MAR).