FIMBank raises EUR 33 million from second bond issue

27.10.2010

FIMBank p.l.c. announced today that all applications received for its Bond Issue which closed on Monday only a few hours after opening are being met in full and no scaling-down or refunds will be taking place. In a statement accompanying the formal announcement of the Allotment Policy, the Bank said that after both the Pre-placement of the 22nd October and the Public Offer of the 25th October were heavily over-subscribed, it was decided to close the offer early so that all subscriptions could be met in full. In fact a total amount of €33 million (or its USD equivalent) was received from 2,116 applicants by the time the offer was closed prematurely, just short of the maximum €35 million permitted by the exercise of the full over-allotment option.

FIMBank Group's President, Margrith Lütschg-Emmenegger, expressed her satisfaction on the take-up of the offer, stating that "We are delighted with the great success of our second Bond Issue in Malta. We truly appreciate the strong support we continue to receive from the Maltese community, which is evidence of its trust in our institution, activities and products. We also take the opportunity to thank all those who contributed to the success of the Bond Issue, as well as the investors for their confidence in the Group."

The nominal amount of Bonds subscribed to is of EUR19.3 million and USD18.1 million, respectively. Listing of these Bonds on the Official List of the Malta Stock Exchange is expected to take place by latest the 11th November 2010 and trading would commence on the following business day. Interest on the Bonds will commence on the 1st November 2010 and the first interest payment date will be the 31st May 2011.

Lombard Bank Malta plc acted as Manager and Registrar while Rizzo Farrugia & Co (Stockbrokers) Ltd was the Sponsor of this Bond Issue. FIMBank p.l.c. thanks investors for their trust and all those who contributed to the success of the Bond Issue.

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