United Bond offer fully subscribed at Lm4m

United Finance plc director Edmund Gatt Baldacchino has announced that the offer of 6.75 per cent bonds 2008 closed on 22 September.

The response by the public and financial institutions was very strong.

"The original offer was for Lm3m but the company exercised the over allotment option that was available and increased the bonds in issue to Lm4m," explained Mr Gatt Baldacchino.

Mr Gatt Baldacchino con-cluded by extending his heartiest thanks to the public and financial institutions for their excellent response and the very encouraging show of confidence in the recently set up United Finance plc. Mr Gatt Baldacchino said that he expected United Finance bonds will be admitted to the official list of the Malta Stock Exchange and for dealings in the bonds to commence very shortly.