Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.

Camilleri Finance 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 Camilleri Finance p.l.c. (the “Issuer”).

Camilleri Finance p.l.c., has announced the issue of €15,000,000 Unsecured bonds at 6.25% at a nominal value of €100 per bond, redeemable in 2034 (the “Bond Issue”), following approval by the Listing Authority.

In the case of Existing 2017 Orion Prospects Bondholders, this bond issue will be subject to a minimum investment of €1,000 and multiples of €100 thereafter. In all other cases a minimum investment amount of €2,000 is required and further amounts can be invested in multiples of €100 thereafter. The interest rate of 6.25 per cent will be paid annually on 23rd February.

The core business activities of the Group are organised into the following categories: Immovable property, Property Management Operations, Fashion Brand Operations, Catering Operations and Confectionary Operations.

The use of the bond proceeds will consist of

• The amount of circa €4,200,000 will be used to redeem the existing 2017 Orion Prospects Bond;

• The amount of circa €3,200,000 will be used to make the Group Facilities Repayment;

• The amount of circa €2,150,000 will be used for the refurbishment expenses; and

• The amount of circa €4,950,000 will be used for general corporate funding.

Full details about this Bond Issue are set out in the Prospectus dated 19 December 2023 which can be found here.

MeDirect will be accepting applications from anyone, who is interested. All applications must be received by not later 9 February 2024. 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.

Join MeDirect today to access the tools you need to put your money to work on your own terms.

Latest news articles

Japan stocks: high can go higher
All News

BlackRock Commentary: Japan stocks: high can go higher

BlackRock is optimistic about the potential continuation of Japan’s equity rally, distinguishing it from previous false starts. They anticipate that both macroeconomic trends and company-specific advancements will propel the next phase of growth. The anticipated corporate earnings growth, foreseen since 2023, is now materializing as expected.

Experience better Banking

The sooner you start managing your money, your way, using the best-in-class tools, the sooner you’ll see results. 


Sign up and open your account for free, within minutes.

MeDirect_Multi-Devices-cards

Login

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.