Bank of Valletta has renewed and upsized its €500 million Euro Medium Term Note (EMTN) Programme, originally established in 2022, following the receipt of regulatory approval from the Central Bank of Ireland of a base prospectus dated 15th May 2026. The updated programme provides the Bank with the ability to issue up to €650 million in new notes and provides it with continued flexibility to access international capital markets efficiently.

In line with its funding strategy, the Bank is currently considering an issue of up to €300 million Senior Preferred Notes under the programme, to be offered in both the international and domestic capital markets (the “Notes”). This would mark its second benchmark transaction following its successful debut issuance in 2022. The issuance forms part of the Bank’s long term funding strategy to support balance sheet growth and strategic development initiatives

Commenting on the regulatory approval obtained, Dr Gordon Cordina, Chairperson of BOV, said,
“This step marks another important milestone in the Bank’s access to international capital markets. It is aimed to strengthen and diversify our wholesale funding base while supporting the continued optimisation of our liability structure in line with evolving regulatory expectations.”

Kenneth Farrugia, BOV Chief Executive Officer, added, “In recent weeks, we conducted a series of non deal roadshows across key international markets to present the Bank’s strategy and engage with global investors. The strong level of engagement across these meetings highlights continued confidence in the Bank’s strategic direction, financial performance and robust balance sheet. This expected transaction supports our lending growth and general financing needs, while representing a further step in broadening our investor base beyond the domestic market.”

Given their structure and minimum denomination, as the Notes are intended solely for professional clients and eligible counterparties, the minimum denomination of each Note will be €100,000 (or equivalent). The Notes will not be offered or sold to retail investors in the European Economic Area or the United Kingdom.

The Notes are expected to be admitted to listing on the Official List and to trading on the regulated market of the Irish Stock Exchange, trading as Euronext Dublin.