4.40% CENTRAL BUSINESS CENTRE PLC 07.07.2027

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Central Business Centres plc - Final Terms dated 12 June 2017

The Company

Central Business Centre plc (the Issuer) was established on 20 June 2014 to carry out the business of a finance, investment, property development and property-owning company. The Issuer is owned by the same individual shareholders who own S.M.W. Cortis Limited (involved in the import and distribution of timber and wood products; the design, manufacture and installation of aluminium, timber and glazing). However, the Issuer and S.M.W. Cortis Limited do not form part of the same group of companies. In this respect, the Issuer is not dependent on the financial performance, business prospects and outlook of the Cortis Group.

Use of Proceeds:

The net proceeds from the first tranche, estimated at €5.88 million after issuance costs, were principally used by the Issuer for the following purposes:

  • a maximum of €5.7 million were used to party finance the acquisition of the Zebbug site from S.M.W Cortis Limited;
  • the balance was used for general corporate funding purposes.

Status:

The obligations in regard to the Bonds constitute the unsecured debt obligations of the Issuer. As regards the Issuer’s obligations, the Bonds shall at all times rank pari passu without any priority or preference with all other present and future unsecured obligations of the Issuer.

Coupon

4.40%

Amount Issued:

€6 million

ISIN Code:

MT0000881228

Issue Price:

100% (par)

Interest Payment:

Annually on 07 July

XD Dates:

8 June

Maturity:

The bonds will mature at 100% (par) on 07 July 2027.

Listing:

Official List of the Malta Stock Exchange

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