Hili Finance Company plc - Details of New Bond Issue

On 12 December 2025, Hili Finance Company plc published a Prospectus following regulatory approval for the admissibility to listing on the Official List of the Malta Stock Exchange of €60 million 5% unsecured bonds maturing in 2033. The salient details of the new bond issue are as follows:

Coupon:

5.00%

Amount Offered:

€60 million (nominal)

Issue Price:

100% (par)

Maturity:

6 February 2033

Interest Payment Date:

Annually on 6 February (first interest payment date is 6 February 2027)

Ranking of the Bonds:

The bonds will constitute the general, direct, unconditional and unsecured obligations of the Issuer, guaranteed jointly and severally by Hili Ventures Limited (the Guarantor) in respect of both the interest due and the principal amount, and will at all times rank pari passu, without any priority or preference among themselves and with other unsecured debt of the Issuer, present and future, if any, save for such exceptions as may be provided by applicable law.

Use of Proceeds:

The proceeds from the bonds, which net of expenses are expected to amount to €59 million, will be used by the Guarantor for the following purposes:

  • An amount of up to €32.5 million will be used for the exchange and cancellation of the Premier Capital plc unsecured bonds through an exchangeable bond transfer.
  • An amount of around €1.6 million will be used to part-finance the acquisition of an immovable property in Hamrun.
  • An amount of around €3.5 million will be used to part-finance the development and refurbishment costs of a hotel in Valletta.
  • An amount of up to €35 million (depending on the participation of the exchangeable bond transfer) will be used to part-finance and re-finance capital expenditure related to the expansion of the retail business of iSpot in Poland.
  • Any residual balance will be used for the general corporate funding purposes.

Plan of Distribution:

  • €32.5 million will be reserved for holders of 3.75% Premier Capital plc unsecured bonds 2026 as at close of trading on Thursday 4 December 2025 by way of exchangeable bond transfer, subject to any cash top-ups if applicable.
  • €17.5 million together with any unallocated balance from the exchangeable bond transfer will be reserved for excess amounts applied for by holders of the 3.75% Premier Capital 2026 bonds as well as shareholders, bondholders, directors and employees of any company within the Hili Ventures Group as at close of trading on Thursday 4 December 2025, without priority or preference.
  • €10 million together with any remaining balance will be available to the general public.

Offer Period:

7 January to 28 January 2026 (or earlier in case of over-subscription)

Minimum Subscription Amount:

€3,000 (nominal) and in multiples of €100 thereafter

Commencement of interest:

6 February 2026

Expected Listing Date:

16 February 2026

Listing:

Official List of the Malta Stock Exchange

Download:

Prospectus dated 12 December 2025

Fact Sheet dated 29 December 2025

 

Disclaimer:

This webpage has been prepared based on the Prospectus dated 12 December 2025 issued by Hili Finance 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 Prospectus 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 Prospectus 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, 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 having its registered address at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.