Phoenicia Finance Company plc – €50m 5.75% Unsecured Bonds 2028-2033
Issue of
€50m 5.75% Unsecured Bonds 2028-2033
We are pleased to inform you that Phoenicia Finance Company plc has announced the issuance of €50,000,000 5.75% Unsecured Bonds 2028-2033 of a nominal value of €100 per bond issued at par. The bond issue is guaranteed by Phoenicia Malta Limited and Phoenicia Hotel Company Limited, both in terms of annual interest and capital repayment upon maturity. The bond offer will be available from February 12, 2024 till February 16, 2024 for new investors and till February 23, 2024 for existing bondholders. In the event that the bond is not fully subscribed by February 23, 2024, an Intermediaries’ Offer will take place until February 28, 2024.
Jesmond Mizzi Financial Advisors Ltd is participating in this issue as one of the authorised financial intermediaries and will be accepting applications for this bond, subject to a minimum subscription of €5,000 and in multiples of €100 thereafter. Holders of the existing bonds may subscribe to the Bonds by surrendering their respective holding in the Existing Bonds. Applications by Existing Bondholders and applications placed under nominee are free of charge. A fee of €25 applies for direct applications (MSE Certificated).
Should you be interested in investing into this bond issue, we 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 which may be obtained from our offices in hard copy free of charge, electronically by e-mail on request, or by clicking the download button below.
| Issuer | Phoenicia Finance Company plc |
| Issue Type | Unsecured Callable Bond |
| Bond Issue Size | €50,000,000 |
| Bond Issue Price | €100 per bond, issued at par |
| Minimum Subscription | €5,000 and in multiples of €100 thereafter |
| Callable Period | December 30, 2028 – December 30, 2033 |
| Maturity Date | 30th December 2033 |
| Offer Period | New Investors (placement agreement): February 12, 2024 – February 16, 2024
Existing Bond holders: February 12, 2024 – February 23, 2024 Intermediaries’ Offer: February 23, 2024 – February 28, 2024 |
| Expected Date of Commencement of Trading | 12th March 2024 |
You may contact us on freephone number 8007 2206 or speak to our Investment Advisors at one of our branches in Hamrun, Valletta, 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 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.