Curmi & Partners

New Issues

A Thirty million 5.25% of Mediterranean Investments Holding bond issue

Mediterranean Investments Holding p.l.c. (MIH) has filed an application with the Malta Financial Services Authority (MFSA) requesting admissibility to listing on the Official List of the Malta Stock Exchange of a maximum of €30,000,000 unsecured bonds redeemable in 2027 to be issued at par.

The New Bonds shall have an interest rate of 5.25% payable annually in arrears and will be guaranteed by Corinthia Palace Hotel Company Limited, the parent company of the Corinthia Group, both in terms of annual interest and capital repayment upon maturity.

The New Bond Issue will be used by the Issuer to redeem part of the €40 million 5% MIH Unsecured Bonds 2022 (ISIN: MT0000371287) which are due for redemption on 6 July 2022. The residual amount required by the Issuer for the redemption of the balance of the outstanding amount of the Maturing Bonds shall be financed from its own funds.

Curmi and Partners Ltd is acting as a Financial Intermediary for this new bond issue and hence any investment advice provided will be on a non-independent basis as the firm may receive inducements for this activity. This communication should not be considered as an investment recommendation.

Please click here for more colour on the issuance.

                                                                                                                                                                                                                                                                                 

APS Bank IPO

APS Bank Plc has applied with MFSA for authorization for admissibility to listing Bank’s ordinary shares on Malta Stock Exchange (MSE).

The Listing is being sought in connection with a proposed public issue of 100 million new ordinary shares (with an over-allotment option of an additional 10 million new ordinary shares) (the "New Shares") at an issue price of €0.62 per share ("IPO"). The New Shares will be offered for subscription to both the general public and preferred applicants.

Curmi and Partners Ltd is acting as a Financial Intermediary for this new share issue and hence any investment advice provided will be on a non-independent basis as the firm may receive inducements for this activity. This communication should not be considered as an investment recommendation.

Please click here for more colour on the issuance.