New Bond Issue – 3.9% GAP Group plc Secured Bonds 2024-2026


3.9% €21,000,000 GAP Group plc Secured Bonds 2024-2026

We are pleased to inform you that Gap Group plc announced the issuance of €21,000,000 secured bonds with a nominal value of €100 per Secured Bond issued at par and redeemable on any date falling between 30 December 2024 and 29 December 2026. The Secured Bonds bear interest at the rate of 3.90% per annum on the nominal value of the Secured Bonds.

The Secured Bonds are open for subscription by:

  1. Existing Bondholders; and
  2. Authorised Financial Intermediaries (either for their own account or for the account of underlying customers) pursuant to the Placement Agreements.

Existing bondholders electing to subscribe for this issue through the transfer of all or part of their existing bonds will receive a 1.25% premium on their nominal holding. This will be cash settled by the company within 30 days of the allocation.

The bond offer will open on the 30th December 2021 and will close on the 5th January 2022.

Jesmond Mizzi Financial Advisors Ltd (JMFA) 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 JMFA clients.

GAP Group plc will be sending pre-printed applications to the respective maturing bondholders of the 4.25% Gap Group plc Secured Bonds 2023. In case of nominee security holders, application will be made available by JMFA on request. We will be very pleased to process the application on your behalf and therefore, ask you to contact your investment advisor who will be happy to assist you in any queries you may have. Prospective clients should refer to the Prospectus dated 6th December 2021, which may be obtained from our offices in hard copy, electronically by e-mail on request or by viewing our website

You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun, Birkirkara or Ta’ Xbiex (by appointment).

Click here to download the 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.