New Bond Issue_CPHCL Finance plc 5.35% 2035
CPHCL Finance p.l.c. (“the Issuer”), previously known as Corinthia Finance p.l.c, shall be issuing an unsecured bond amounting to €45 million with a coupon of 5.35% and a redemption date of 18 December 2035 (“the Bond”). The Bond shall be guaranteed by CPHCL Company Limited (“CPHCL”).
Issuer Profile
The Issuer acts as a finance and investment company for the business of CPHCL. The principal activities of CPHCL, either directly or through its subsidiaries and/or associated companies, include the ownership, development, operation and financing of hotels, leisure facilities and tourism-related activities, in Malta and overseas. CPHCL’s largest subsidiary is International Hotel Investments p.l.c. (“IHI”), which primarily operates owned hotels in several locations including Malta, other countries across Europe, and Libya.
For further information on the Issuer and the Bond, a link to the prospectus may be found below:-
♦ Registration Document
♦ Securities Note
♦ Summary Note
Use of Proceeds
The net proceeds from the Bond will be utilised by CPHCL as follows:
♦ €40 million will be used for the purchase via exchange transfer from existing bondholders (on the basis of holdings as at the cut-off date of 7 November 2025) of the €40 million 4.25% unsecured bonds due 2026 (ISIN: MT0000101262) (“the Existing Bonds”) issued in 2016, and/or the redemption of any Existing Bonds remaining outstanding as at their respective date of 12 April 2026
♦ €4.2 million will be used to fund existing and prospective capital expenditure projects.
Application Process
Applications were mailed to bondholders of the Existing Bonds on 13 November 2025 and the offer period during which the Bond is available for subscription ends on the 10 December 2025. Bondholders of the Existing Bonds applying for the Bond may do so via the transfer of their Existing Bonds subject to a minimum application of €2,000, including a cash top-up if required. Such existing bondholders may also apply for an amount in excess of their holdings in the Existing Bonds, with no preference or guarantee being given with respect to the excess amount applied for. An amount of €5 million shall be made available for subscription by authorised financial intermediaries, including Curmi & Partners Ltd.
Should you be interested in participating in the new bond issue or have any queries, kindly contact one of our team as per the contact details below.
Disclaimer
Curmi & Partners Ltd is acting as an Authorised Financial Intermediary for this bond. This communication should not be considered as investment advice or recommendation with respect to these financial instruments and the information provided herein is for informational purposes only. No tax, legal or any other ancillary regulatory advice is provided in this advertisement. The information contained in this advertisement is based on public information and reflects the Offering Documentation of the financial instruments, with the information being accurately reproduced and no facts have been omitted which would render the reproduced information inaccurate or misleading. However, Curmi & Partners Ltd has not independently verified the information it has obtained from sources that it believes to be reliable. Investors are urged to read the Offering Documentation when considering whether to invest in this financial instrument. The value of investments can fall as well as rise and past performance is no indication of future performance. Curmi & Partners Ltd is acting on a non-independent basis and may receive inducements from the Issuer of the securities. This advertisement was approved for issue by Curmi & Partners Ltd, which is licensed to conduct investment services business under the Investments Services Act (Cap 370 of the Laws of Malta) by the MFSA and is also a Member of the Malta Stock Exchange. Curmi & Partners Ltd’s registered address is at Finance House, Princess Elizabeth Street, Ta’ Xbiex, XBX 1102.