The Company

Eden Finance plc, a fully owned subsidiary of Eden Leisure Group Ltd., was set up and established to act as the finance company for the Eden Leisure Group of Companies.

Eden Leisure Group Ltd. is the parent company of the Eden Leisure Group. It traces its origins back to 1966 with the setting up of Sunny Resorts Ltd. This company operated the Eden Rock hotel, a three-star property on the Sliema front that was sold in 1993. In 1975, Sunny Resorts Ltd developed a 27-room hotel in St. George’s Bay in St. Julian’s which was called Eden Beach Aparthotel. The promoters of Sunny Resorts Ltd, the De Cesare family, established a new company, Eden Hotels Ltd, through which they further developed the original investment in St. George’s Bay by the acquisition of additional land for the development of the Eden Beach Hotel (a 250-bed hotel) and Styx discotheque, which were operational in 1980.

The year 1980 was a major turning point in the strategic direction of Eden Hotels Ltd when Ian and Kevin De Cesare took over the company. The company has since then diversified into the entertainment industry. Eden Hotels Ltd changed its name to Eden Leisure Group Ltd in 1993. The Group continued its expansion through strategic alliances with well-known Maltese business partners. Nowadays the Eden Leisure Group, mainly owns and operates: (i) the radio station 89.7 Bay, (ii) various Cinemas, (iii) the Eden SuperBowl, (iv) Cynergi Health & Fitness Club, (v) InterContinental Malta and a 24-hour 300 bay car park (both operated by InterContinental Hotels Corporation), (vi) Bay Arena, (vii) Club Numero Uno, (viii) Axis Discotheque and (ix) Beauty Studio.

Use of Proceeds

The proceeds of the Bond Issue were advanced by the Company to Eden Leisure Group Ltd. for the latter to finance the completion of the development of the project in St George’s Bay, St. Julians consisting of the five-star Intercontinental hotel, the timeshare units, and all the various amentities including the car parking facilities.

Security & Status

Unsecured & Unsubordinated


Eden Leisure Group Ltd.



Amount Issued





The Bonds will be redeemed at 100% (par) on 12 October 2010.

Interest Payment

Annually on 12 October

XD Date

28 September


Official List


Ian De Cesare, Kevin De Cesare, Walter Camilleri, Joe Caruana, David Vella

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