Curmi & Partners

New Issues

Izola Bank p.l.c. 5% Subordinated 2032

Izola Bank p.l.c. has received approval from the Malta Financial Services Authority (MFSA) to issue a maximum of €14,000,000 5% unsecured subordinated bonds (the “Bonds”), maturing on 15th September 2032 and callable anytime on or after 15th September 2027. The Bonds will be issued at par and will be listed on the Official List of the Malta Stock Exchange. Please find attached our fixed income research note covering the full year 2021 and 1H2022 financial results of the Bank.

Curmi & Partners are acting as an Authorised Financial Intermediary for the New Izola bond issue.

Should you have any queries, please feel free to contact your designated client manager at Curmi & Partners. Any investment advice from Curmi & Partners will be on a non-independent basis as the firm may receive inducements for this activity. This communication should not be considered an investment advice. 

Please click here for more colour on the issuance.


Merkanti Holding p.l.c.

The Board of Directors of the Merkanti Holding p.l.c. (“the Company”) has announced that the Company has been granted approval by the Malta Financial Services Authority (“the MFSA”)  for the admissibility to listing (“the Listing”) on the Official List of the Malta Stock Exchange of 16,673,333 Ordinary A shares of a nominal value of €3.00 per share (“the Shares”).

The MFSA has approved the prospectus dated 25th July 2022  (“the Prospectus”) in connection with the Listing. The Prospectus does not constitute an offer of shares to the public but describes the Shares, for which admission to listing has been approved by the MFSA.

Admission to listing of the Shares on the Official list is expected to take place no later than 30th September 2022, with commencement of trading of the Shares to take place within 2 business days following the admission.

Curmi and Partners Ltd is acting as Sponsor for the Listing.

The Prospectus may be downloaded from the Company’s website: merkantiholding.com or from the following link: Prospectus.PDF