Curmi & Partners

New Issues

 

  • A Forty million 3.5% coupon 2031 bond issue + a Share offer from AX Group company

AX Real Estate Limited, a subsidiary of AX Group p.l.c. in the process of being converted into a public limited company (AXRE), intends to submit an application to the Malta Financial Services Authority (MFSA), for authorization of a “Combined Offer” of a “Share Offer” and a “Bond Issue”. Curmi & Partners are acting as a joint sponsor for this “Combined offer”.

AX Real Estate Limited (AXRE) intends issuing 33,333,333 ordinary ‘A’ shares to the public at an offer price of €0.60 per share. Subject to an over-allotment option which, if exercised, would increase the offer to up to an aggregate of 50,000,000 (Fifty million) ordinary ‘A’ shares (the “Share Offer”).AXRE also intends issuing a €40,000,000 (Forty million) in 3.5% unsecured bonds of a nominal value of €100 per bond, to be issued at par, redeemable in 2031 (the “Bond Issue”).” 

Please click here for more colour on the issuance.

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  • Euro Eighty million bond issue of 3.65% Unsecured Bonds due 2031 by International Hotel Investment (IHI) plc. 

Curmi & Partners are acting as a non-independent Financial Intermediary for the new bond issuance of €80 million by IHI plc. The minimum application is for €2,000 and increments of €100 thereafter. The bonds will be issued at par. The offer period for the general public is from 8th November 2021 till 29th November 2021.

Please click here for more colour on the issuance.

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  • Hili Properties plc IPO 

Curmi & Partners are acting as a non-independent Authorised Financial Intermediary for the new equity issuance of 185,185,185 new ordinary shares (ISIN MT0000940107) at an issue price of €0.27, with total issuance size of €50 million for Hili Properties. The minimum application is for 4,000 New Ordinary Shares.

The information found here gives more colour on the issuance.