Simonds Farsons Cisk plc - Details of New Bond Issue

On 12 May 2010, Simonds Farsons Cisk plc announced a €15 million bond issue at a coupon of 6% per annum. The bonds have a final maturity date of 15 June 2020 but may be redeemed early on any date between 15 June 2017 and 14 June 2020.

Coupon

6%

Amount issued

€15,000,000

Issue Price

100% (par)

Interest Payment

Annually on 15 June

Maturity

The bonds will mature at 100% (par) on 15 June 2020 but may be redeemed early on any date between 15 June 2017 and 14 June 2020 by giving 30 days notice.

Closing date for Preferred Applicants

Friday 28 May 2010

General Public Offer Period

Tuesday 1 June 2010 to Tuesday 8 June 2010 (or earlier at the Issuer’s discretion)

Minimum application for bonds

Preferred Applicants: €1,100 and in multiples of €100 thereafter.

General Offer Stage: €1,100 and in multiples of €100 thereafter.

Listing

Official List of the Malta Stock Exchange

Use of Proceeds

The net proceeds from this bond issue  will be primarily used to fund the redemption of the existing €9.3 million 6.6% Bonds which will be redeemed on 2 November 2010.

The balance of the bond proceeds will be used for the general funding purposes of the Farsons Group including the €14 million brewhouse project.

Downloads

Simonds Farsons Cisk plc – Information Memorandum dated 10 May 2010

Simonds Farsons Cisk plc – Prospectus dated 10 May 2010

Simonds Farsons Cisk plc – Authorisation to Apply Form

Simonds Farsons Cisk plc – 2010 Annual Report

Should you be interested in obtaining a copy of our research note including our recommendation, kindly send us an email on info@rizzofarrugia.com.

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