Melite Finance plc - Bond Interest Payment

On 16 November 2020, Melite Finance plc announced that the payment of interest in respect of the €9.25 million 4.85% secured bonds 2028 will be made on or around 23 November 2020. The company also noted that since it was successful in obtaining financing from its local bankers through the Malta Development Bank ‘Covid-19 Guarantee Scheme’ for the purpose of effecting the interest payment due in respect of the bonds, such financing is no longer conditional upon attaining bondholders’ approval for the company’s proposed restructuring plan. Melite Finance added that in due course, it will be providing further information on the convening of a bondholders’ meeting.