MeDirect Bank (Malta) plc is pleased to announce that we are now accepting applications for the secured bond issued by Smartcare Finance plc. The bond amounts to €11,000,000, carries an interest rate of 5.75% per annum, and has a nominal value of €100 per bond, redeemable in 2036 following approval by the Listing Authority.
About the issuer:
The Issuer is Smartcare Finance p.l.c., a public company registered in terms of the Companies Act, with company registration number C 90123 and its registered office is at 326, Mdina Road, Qormi, Malta The Issuer was incorporated on 7 January 2019 as a public limited liability company. The principal object of the Issuer, which was set up and established to act as the finance company of the Smartcare Group a diversified Maltese group with interests in elderly care, real estate development, construction, hospitality, and food & beverage. Its flagship asset is Dar Pinto, one of Malta’s larger private elderly care facilities and a key contributor to the group’s recurring income stream.
Purpose of the Bond Issue:
The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €10,600,000, will be utilised for the following purposes, in the following amounts and order of priority:
1. An amount of circa €1,040,000 of the Bond Issue net proceeds will be used by Bella Sicilia Srl for the following purposes:
I. An amount of circa €460,000 will be used to part-finance acquisition costs in connection with the Laguna Project;
II. An amount of circa €230,000 will be used to part-finance acquisition costs in connection with the agricultural farm adjacent to the Laguna Project; and
III. An amount of circa €350,000 will be used for associated transactions and settlement costs, including professional payments, notarial fees, registration charges and related taxes incurred in relation to the above.
2. An amount of circa €5,510,000 of the Bond Issue net proceeds will be used by Bella Sicilia Srl to part-finance construction and development costs of the Laguna Project.
3. An amount of circa €750,000 of the Bond Issue net proceeds will be used by Segond Boutique Hotels Limited for the full repayment of an existing facility taken out with Lombard Bank Malta plc prior to the date of the EU Follow-on Prospectus, utilised to finance cost overruns and improvements carried out at the Segond Boutique Hotel and pre-opening expenses at the Segond Boutique Hotel; and
4. The remaining balance of net Bond Issue proceeds in an amount of circa €3,300,000 will be used for the general corporate funding purposes of the Group.
Issue Highlights:
• Issue size: €11,000,000
• Coupon rate: 5.75% per annum
• Coupon payment frequency: Annually
• Maturity date: 21st October 2036
Status: The Bonds, as and when issued and allotted, shall constitute the general, direct and unconditional obligations of the Issuer, shall be secured by means of the Collateral granted in terms of the Security Trust Deed III and shall be guaranteed in respect of both the interest due and the principal amount under said Bonds by the Guarantor jointly and severally. The Bonds shall at all times rank pari passu, without any priority or preference among themselves, but shall rank with priority and preference in relation to all other present and future unsecured obligations of Segond Boutique Hotels Limited and Bella Sicilia Srl,
Min subscription: €1,000, with additional subscriptions in multiples of €100
Full details about this bond are set out in the Prospectus dated 9th September 2026 which can be accessed through:
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. 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 shall not be reproduced in any way, whether in whole or in part. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited
