New Bond Issue – 3.5% GO plc Unsecured Bonds 2031

GO plc has announced the issuance of €60,000,000 3.5% unsecured bonds maturing in 2031 which will be issued at par (€100).

GO plc is a communication services company providing mobile, fixed line, internet and TV service to more than 500,000 customers. It also offers Cloud services, roaming services, data networking solutions, business IP services and managed services to the Maltese business community. GO plc has invested heavily in fibre-powered infrastructure to deliver an outstanding service both to its retail and corporate clients.

The net proceeds from the Bond Issue will be used by the Issuer for the following purposes:

      1. €36 million will be used to repay the borrowings outstanding with the European Investment Bank
      2. €20 million will be used for capital expenditure – New Network Rollout (€16 million) and Information Technology Systems (€4 million)
      3. €3.2 million will be used for general corporate funding purposes

Interest at a rate of 3.5% shall be paid on the 25th June annually and the bond will be redeemed on June 25, 2031.

Jesmond Mizzi Financial Advisors Ltd is participating in this issue as one of the authorised financial intermediaries and is currently accepting applications for this bond. The minimum subscription amount for each application in the public offer has been set at €5,000 with multiples of €100 thereafter for existing Jesmond Mizzi Financial Advisors Ltd clients. The minimum subscription amount for the placement agreement has been set to €10,000.

Applications will be made available on June 3 and will be accepted up until June 18 at noon.

For further information you can visit one of our branches in Hamrun, Birkirkara, Valletta and Ta’ Xbiex (by appointment) or contact us on 21 22 44 10 to speak to one of our advisors.


Click here to download prospectus.


This information is not intended to constitute an offer or agreement to buy or sell investments. The investment referred to in this document may not be suitable or appropriate for every investor. No liability is accepted whatsoever for any loss howsoever arising from any information in this document. The value of investments can go down as well as up. Investors may get back less than their initial investment and past performance is no guarantee of future performance. Jesmond Mizzi Financial Advisors Limited or any connected company, their clients, officers and employees may have a position or engage in transactions in the bond issue.