Issue of

Up to €12m 5.8% Secured Bonds 2036

forming part of a €21m Bond Issuance Programme

 

The board of directors of Agora Estates plc has announced the issuance of a new bond issuance programme.

The principal activity of Agora Estates plc is to identify, acquire and develop immovable property, whether residential or commercial. The primary objective is to hold an investment property portfolio for rental investment and capital appreciation, whilst also developing property for resale. As of August 2023, the estimated cumulative value of the properties forming part of the portfolio was €46.5m.

Jesmond Mizzi Financial Advisors Ltd (JMFA) is acting as the Sponsoring Broker for the €21m Bond Issuance Programme. As part of the programme, the company is issuing Series 1 Tranche 1, comprising up to €12m of 5.8% Secured Bonds maturing in 2036, offered at par and redeemable at their nominal value on March 1, 2036. The Bonds are available for subscription by Authorised Financial Intermediaries pursuant to Placement Agreements.

JMFA is currently accepting applications for this bond offer, subject to a minimum subscription of €5,000 and in multiples of €100 thereafter. Although the bond closes on February 27, 2024, we encourage you to submit your application as soon as possible since applications are being satisfied on a first come first serve basis. 

We would be pleased to handle your application on your behalf. Therefore, kindly contact your investment advisor, who will be happy to assist you with any queries you may have. Please note that a fee of €25 applies for direct applications.

For detailed information, please refer to the Prospectus, which can be obtained from our offices in hard copy at no cost, electronically via email upon request, or by clicking the download button below.

 

DOWNLOAD BASE PROSPECTUS  DOWNLOAD FINAL TERMS

 

Issuer	Agora Estates plc
Issue Type	Bond Issuance Programme
Bond Issuance Programme Size	€21,000,000
Series/ Tranche Number	Series 1 Tranche 1
Bond Issue Size	€12,000,000
Bond Issue Price	€100 per bond, issued at par
Minimum Subscription	€5,000 and in multiples of €100 thereafter
Maturity Date	1st March 2036
Offer Period	Subscription in this bond is available until February 27, 2024. (Applications are being satisfied on a first come first serve basis)
Expected Date of Commencement of Trading	11th March 2024

 

For further assistance, 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).

Marketing Material. 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 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.