Malta Properties Company plc - Details of Tranche 1 of Bond Issuance Programme
On 4 June 2022, Malta Properties Company plc published a Base Prospectus and Final Terms following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of a €50 million Bond Issuance Programme. The salient details of Tranche 1 of the Bond Issuance Programme are as follows:
€25 million (nominal)
30 June 2032
Interest Payment Date:
Annually on 30 June (first interest payment date is 30 June 2023)
Ranking of the Bonds:
The bonds will constitute the general, direct, unconditional and secured obligations of the Issuer, secured by the Security Providers, and will at all times rank pari passu, without any priority or preference, among themselves. The bond obligations will be secured by the Security Interest. Third party security interests may be registered by the Issuer which will rank in priority to the bonds against the assets of the Issuer for so long as such security interests remain in effect. Further information is available in Part B Section ‘H – Security’ and ‘I – Ranking of the Bonds’ of the Final Terms.
Use of Proceeds:
The proceeds from the bonds will be used as follows:
- €21 million for refinancing existing bank loans.
- €2 million for capital expenditure related to the completion of the Zejtun Offices and Data Centre project.
- €2 million for general corporate funding purposes.
Plan of Distribution:
The entire amount of €25 million has been reserved for subscriptions by Authorised Financial Intermediaries through Placement Agreements.
Minimum Subscription Amount:
Official List of the Malta Stock Exchange
Expected Listing Date:
7 July 2022
Base Prospectus dated 1 June 2022
This webpage has been prepared based on the Base Prospectus and the Final Terms dated 1 June 2022 issued by Malta Properties Company plc and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with respect to the accuracy of the data. This webpage is for information purposes only. It is NOT intended to be and should NOT be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts NO responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.
Investors wishing to acquire the Bonds should read the Base Prospectus and the Final Terms before making any investment decision in order to fully understand the potential risks and rewards associated with an investment in the Bonds. A copy of the Base Prospectus and the Final Terms is available on Rizzo, Farrugia & Co. (Stockbrokers) Limited’s website. Prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such Bonds. The value of the investment and the income therefrom may go down as well as up and investors may lose some or all of the money invested.
This ADVERTISEMENT has been issued by Rizzo, Farrugia & Co. (Stockbrokers) Limited which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The Company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta. Rizzo, Farrugia & Co. (Stockbrokers) Limited is acting as Sponsor, Manager and Registrar to Malta Properties Company plc.