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Finestday Malta plc – Details of New Bond Issue

Jonathan Falzon

February 13, 2026

13 February, 2026
7 min read
13 February, 2026
7 min read

Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.

On 13 February 2026, Finestday Malta plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €25 million 5.5% secured bonds maturing in 2036.

Finestday Malta plc is the finance arm of Projectco 2024 Limited (the Guarantor), a company registered under the laws of England and Wales. Through its subsidiaries, the Guarantor owns the Stock Exchange Hotel, a 40-keys boutique five-star luxury hotel in the centre of Manchester. The Group intends to convert an office building (Norfolk House) located directly opposite the Stock Exchange Hotel into 95 luxurious hotel rooms, three meeting rooms, a lobby and guest welcome lounge, a small restaurant, a gym, and spa facilities whilst retaining the existing car parking facilities.

The salient details of the new bond issue are as follows:

Coupon:

5.50%

Amount Offered:

€25 million (nominal)

Issue Price:

100% (par)

Maturity:

27 February 2036

Interest Payment Date:

Annually on 27 February (first interest payment date is 27 February 2027)

Ranking of the Bonds:

The bonds will constitute the general, direct, secured, and unconditional obligations of the Issuer. The secured bonds will be guaranteed in respect of both the principal amount and interest due thereon by the Guarantor and will, at all times, rank pari passu, without any priority or preference among themselves.

The bonds will be secured by the first ranking fixed charge governed by English law constituted over the freehold title of the property known as Norfolk House and a floating security governed by English law over all of the present and future assets of Projectco Sub 2024 Limited (the security provider), which is a subsidiary of the Guarantor and the holding company of the Norfolk House property.

Use of Proceeds:

The proceeds from the bonds, which net of expenses are expected to amount to €24.4 million, will be used by the Guarantor for the following purposes:

  • Up to €18.74 million (GBP16.3 million) to finance the development of Norfolk House.
  • Up to €5.66 million (GBP4.9 million) for general corporate funding purposes.

Plan of Distribution:

The secured bonds are open for subscription to all categories of investors and the entire amount of €25 million has been reserved for subscriptions by Authorised Financial Intermediaries.

Minimum Subscription Amount:

€2,000 (nominal) and in multiples of €100 thereafter

Expected Listing Date:

13 March 2026

Listing:

Official List of the Malta Stock Exchange

Download:

Prospectus dated 12 February 2026

Fact Sheet dated 13 February 2026

 

Disclaimer:

This webpage has been prepared based on the Prospectus dated 12 February 2026 issued by Finestday Malta plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is NOT intended to be and should NOT be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts NO responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

Investors wishing to acquire the Bonds should read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bonds. A copy of the Prospectus is available on Rizzo, Farrugia & Co. (Stockbrokers) Limited’s website. Prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such Bonds. The value of the investment and the income therefrom may go down as well as up and investors may lose some or all of the money invested.

This advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited, a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.

This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.

On 13 February 2026, Finestday Malta plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €25 million 5.5% secured bonds maturing in 2036.

Finestday Malta plc is the finance arm of Projectco 2024 Limited (the Guarantor), a company registered under the laws of England and Wales. Through its subsidiaries, the Guarantor owns the Stock Exchange Hotel, a 40-keys boutique five-star luxury hotel in the centre of Manchester. The Group intends to convert an office building (Norfolk House) located directly opposite the Stock Exchange Hotel into 95 luxurious hotel rooms, three meeting rooms, a lobby and guest welcome lounge, a small restaurant, a gym, and spa facilities whilst retaining the existing car parking facilities.

The salient details of the new bond issue are as follows:

Coupon:

5.50%

Amount Offered:

€25 million (nominal)

Issue Price:

100% (par)

Maturity:

27 February 2036

Interest Payment Date:

Annually on 27 February (first interest payment date is 27 February 2027)

Ranking of the Bonds:

The bonds will constitute the general, direct, secured, and unconditional obligations of the Issuer. The secured bonds will be guaranteed in respect of both the principal amount and interest due thereon by the Guarantor and will, at all times, rank pari passu, without any priority or preference among themselves.

The bonds will be secured by the first ranking fixed charge governed by English law constituted over the freehold title of the property known as Norfolk House and a floating security governed by English law over all of the present and future assets of Projectco Sub 2024 Limited (the security provider), which is a subsidiary of the Guarantor and the holding company of the Norfolk House property.

Use of Proceeds:

The proceeds from the bonds, which net of expenses are expected to amount to €24.4 million, will be used by the Guarantor for the following purposes:

  • Up to €18.74 million (GBP16.3 million) to finance the development of Norfolk House.
  • Up to €5.66 million (GBP4.9 million) for general corporate funding purposes.

Plan of Distribution:

The secured bonds are open for subscription to all categories of investors and the entire amount of €25 million has been reserved for subscriptions by Authorised Financial Intermediaries.

Minimum Subscription Amount:

€2,000 (nominal) and in multiples of €100 thereafter

Expected Listing Date:

13 March 2026

Listing:

Official List of the Malta Stock Exchange

Download:

Prospectus dated 12 February 2026

Fact Sheet dated 13 February 2026

 

Disclaimer:

This webpage has been prepared based on the Prospectus dated 12 February 2026 issued by Finestday Malta plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is NOT intended to be and should NOT be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts NO responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

Investors wishing to acquire the Bonds should read the Prospectus before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bonds. A copy of the Prospectus is available on Rizzo, Farrugia & Co. (Stockbrokers) Limited’s website. Prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such Bonds. The value of the investment and the income therefrom may go down as well as up and investors may lose some or all of the money invested.

This advertisement has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited, a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta, and having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.