PLAN Group p.l.c. – New Bond Issue

MeDirect Bank (Malta) plc would like to announce that we are accepting applications for anyone interested in the new Bond Issue by PLAN Group p.l.c. (the “Issuer”).

PLAN Group p.l.c. (the “Issuer”), has announced the issue of €12,000,000 Secured bonds at 5.75% at a nominal value of €100 per bond, redeemable in 2028 (the “Bond Issue”), following approval by the Listing Authority.

This bond issue will be subject to a minimum of €5,000, and will be issued at par. The interest rate of 5.75 per cent will be paid annually on 23rd November.

The use of the bond proceeds will consist of:

  • the acquisition of a site in Brizebbugia split into 3 portions, (A, B and C respectively).
  • portion B (5.130 sqm) and C (270sqm) are within the development zones and comprehensive planning control application has been submitted with the Planning Authority in Malta in respect of the prospective development of Portion of Land B and Portion of Land C by the Group.

Full details about this Bond Issue are set out in the Prospectus dated 8 November 2023 which can be found here.

MeDirect will be accepting applications from anyone, who is interested. All applications must be received by not later 23 November 2023. In the event of over-subscription, the Issuer reserves the right to close the Offer Period before this date.

If you are interested in applying, please send us a Secure Mail or contact your Relationship Manager.

For further information, please call us on (+356) 2557 4400 or send an email to customerservice@medirect.com.mt.


The information set forth in this article is only for informative purposes and should not be construed as an offer to sell or solicitation of an offer to subscribe for or purchase any investment. The information provided is subject to change without notice and does not constitute investment advice or any guarantee of returns.

Please consider the terms and conditions governing the relevant investment prior to making any investment decision. Investors should note that at worst they may lose all of their invested principal in the event of default, insolvency and/or bankruptcy of the relevant issue. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.

MeDirect Bank (Malta) plc has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. MeDirect Bank (Malta) plc does not therefore provide any guarantees, representations or warranties. The value of any investment or income may go up as well as down and past performance is no guarantee of any future performance. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse effect on your investment.

MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority under the Banking Act (Cap. 371) and the Investment Services Act (Cap. 370). This material is intended only for the use of the recipient and shall not be reproduced in any way, whether in whole or in part, by the recipient. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.