MeDirect Bank (Malta) plc is pleased to announce that we are now accepting applications for tranche 3 of the secured bond issuance programme issued by Plan Group plc. The bond amounts to €11,800,000, carries an interest rate of 5.1% per annum, and has a nominal value of €100 per bond, redeemable between 2028 and 2030 following approval by the Listing Authority.
About the issuer:
Plan Group plc is a Malta-based public limited company incorporated on the 26th August 2022 (Company Registration No. C 103062). The Issuer is the holding and financing company of the Group and was incorporated for the purposes of financing the requirements of its Subsidiaries.
The Issuer does not carry out any trading activities of its own and its revenue is limited to the dividends it receives from its Subsidiaries and interest receivable due under intra-group loan agreements. Accordingly, the Issuer is dependent on the business prospects of its operating Subsidiaries.
Purpose of the Bond Issue:
The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €11,310,000 shall be used for the following purposes:
(a) Approximately €5,155,000 shall be used to part finance the construction and development of the Qawra Site in accordance with approved planning permits as well as finishing costs attributable to the construction and completion of the Qawra Site; and
(b) Approximately €6,155,000 shall be used to part finance the construction and development of the Birżebbuġa Site – Portion B in accordance with approved planning permits as well as finishing costs attributable to the construction and completion of the Birżebbuġa Site.
Issue Highlights
• Issue size: €11,800,000
• Coupon rate: 5.1% per annum
• Coupon payment frequency: Annually
• Maturity date: Between 19th November 2028 & 18th November 2030
Status: The Secured Bonds (their repayment and the payment of interest thereon) will constitute direct, unconditional, secured and unsubordinated obligations of the Issuer, which will at all times rank pari passu without any preference among themselves
Min subscription: €2,000, with additional subscriptions inmultiples of €100
Full details about this bond are set out in the Prospectus dated 9th September 2026 which can be accessed through:
https://plangroup.com.mt/wp-content/uploads/2026/09/20260903_PLAN_Final-Terms_T3_Final.pdf
Interested clients may apply by sending a Secure Message through the MeDirect platform or by contacting their Relationship Manager. For further information, please call us on (+356) 2557 4400 or email customerservice@medirect.com.mt.
The information set forth in this article is for informative purposes only 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 are intended for retail clients, however, 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.
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