Hudson Malta plc - ‘COVID-19’ Market Update

On 1 April 2020, Hudson Malta plc announced that in light of the ‘COVID-19’ pandemic, it is taking all necessary actions in order to ensure the long term sustainability of its business. Moreover, the company added that it remains firmly committed to honouring the due and punctual performance of all its bond obligations, specifically the payment of all amounts of principal and interest payable to bondholders as and when due. Accordingly, bondholders shall be receiving settlement in full of the next interest payment on its due date, this being on 6 April 2020.

Hudson Malta noted that it has also set up a dedicated support function through which bondholders and other interested parties may reach out to the company directly with any concerns that they may have in connection with their investment in the 4.35% unsecured bonds maturing in 2026.