MeDirect Bank (Malta) plc would like to announce that we are now accepting applications for the new secured bond issued by ACS Finance plc amounting to €29,000,000 at 5.50%p.a. with a nominal value of €100 per bond, redeemable in 2034, following approval by the Listing Authority.
About the issuer:
ACS Finance p.l.c. is a company registered under the laws of Malta (C115289) forming part of the Audentia Capital Group. It is a finance company which does not carry out any trading activities other than the raising of capital for the Audentia Group The company ultimately holds 36% of the economic rights arising from a government-funded public concession granted by the Catalonia, region, Spain, for the ordinary maintenance of the 15 stations on Line 9 Sud of the Barcelona Metro thus making the issuer dependent on the receipt of such payments.
Purpose of the Bond Issue:
The Issuer now intends to utilise the proceeds of the Bond Issue to finance the acquisition of the Credit Rights from AC Securities Lux. For this purpose, the Issuer and AC Securities Lux shall enter into a Spanish law governed assignment agreement (the “2026 Assignment Agreement”) pursuant to which AC Securities Lux shall assign the Credit Rights to the Issuer against payment of approximately €37,000,000. Of that amount, €28,571,861.41 shall be paid in cash from the proceeds of the Bond Issue, and in turn applied by AC Securities Lux to refinance the acquisition of the credit rights.
Issue Highlights:
- Issue size: €29,000,000
- Coupon rate: 5.50% per annum
- Coupon payment frequency: Semi annually
- Maturity date: 31st October 2034
- Credit Rating: BBB
- Status: Secured by a first-ranking Spanish law pledge over the Credit Rights.
- Min subscription: €2,000, with additional subscriptions in multiples of €100
Full details about this bond are set out in the Prospectus dated 3rd June 2026 which can be accessed through: – ACS Finance plc – Prospectus.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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