News

MeDirect Bank is a digital bank specialising in savings, investments and wealth management, providing customers with access to a range of financial products and services through its digital platform. The Bank forms part of the MeDirect Group, a European financial services group with operations in Malta and Belgium.

MeDirect Bank focuses on providing accessible, technology-led banking and investment solutions, supporting customers with their savings and investment needs.

Bond Issue

The Company has launched a €30 million subordinated bond issue, following approval of the prospectus and application for admissibility to listing on the Official List of the Malta Stock Exchange.

The issue comprises €30 million of 5.85% unsecured subordinated bonds, issued at par with a nominal value of €100 per bond. The bonds are intended to qualify as Tier 2 instruments and will mature on 13 October 2036, with MeDirect retaining the right to redeem some or all of the bonds between 13 October 2031 and 13 October 2036, subject to the conditions set out in the Prospectus.

The transaction forms part of MeDirect Bank’s capital management strategy, with the net proceeds intended to strengthen its Tier 2 capital position and support its general capital and funding requirements.

Perivan was delighted to support the transaction by producing the bond documentation and delivering shareholder and investor communications materials throughout the process which included the provision of the Engage data room platform for secure proof distribution.

Perivan specialises in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and is a market leader in the production of documentation relating to corporate finance transactions.