On 13 May 2010, Eden Finance plc announced a €15 million bond issue at a coupon of 6.6% per annum. The bonds have a final maturity date of 15 June 2020 but may be redeemed early on any date between 16 June 2017 and 14 June 2020.
Eden Leisure Group Limited
Annually on 15 June
The bonds will mature at 100% (par) on 15 June 2020 but may be redeemed early on any date between 16 June 2017 and 14 June 2020 by giving 30 days notice.
Closing date for Preferred Applicants
Thursday 27 May 2010
General Public Offer Period
Monday 31 May 2010 to Friday 4 June 2010 (or earlier at the Issuer’s discretion)
Minimum application for bonds
Preferred Applicants: €1,000 and in multiples of €100 thereafter.
General Offer Stage: €1,000 and in multiples of €100 thereafter.
Official List of the Malta Stock Exchange
Use of Proceeds
The net proceeds of the Bond Issue will be used by the Issuer to finance the redemption of the outstading 6.7% Bonds which mature on 12 October 2010. Any unutilised balance from the Bond proceeds will be passed on to the Guarantor, Eden Leisure Group Ltd, for its general funding purposes.
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