On 7 October, Premier Capital plc announced that it has submitted an application to the Listing Authority of the Malta Financial Services Authority (MFSA) requesting the admissibility to listing of a new €65 million unsecured bond maturing in 2026.
Furthermore, Premier Capital announced that its Board of Directors has resolved to redeem the outstanding €24.64 million 6.8% unsecured bond on 16 March 2017, the first early redemption date as per the terms of the Prospectus dated 1 March 2010.
Subject to regulatory approval, the Company will be granting preference to the holders of the maturing bond, to bondholders of other companies forming part of the Hili Ventures Group (namely PTL Holdings plc and Hili Properties plc) and to Hili Ventures Group stakeholders as at the close of trading on 19 October. Trading in the 6.8% Premier Capital plc maturing bond will be suspended as from 20 October.
Further details on the new bond will be issued once the Company receives regulatory approval.