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.
Annually on 15 June
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.
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.
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