On 23 May, Tumas Investments plc announced that it has submitted an application to the Listing Authority of the Malta Financial Services Authority (MFSA) in connection with a new €25 million unsecured bond maturing in 2027 (new bonds).
The Directors also resolved to redeem early the outstanding €25 million 6.2% bonds (maturing bonds) on 10 July 2017, being the first early redemption date in accordance with the provisions of the Prospectus issued by Tumas Investments plc dated 9 June 2010.
The announcement further explained that the Issuer will be granting preference to holders of the maturing bonds as at the close of trading on 24 May 2017 to subscribe to the new bonds by surrendering their existing holding. Trading in the maturing bonds will be suspended as from 25 May 2017.
Further details will be published by the Issuer following approval by the Listing Authority.