MeDirect Bank (Malta) plc is pleased to announce that we are now accepting applications for the new Secured bond issued by Ell Finance plc. The bond amounts to €30,000,000, carries an interest rate of 5.35% per annum, and has a nominal value of €100 per bond, redeemable in 2036, following approval by the Listing Authority.
About the issuer
ELL Finance p.l.c., incorporated on 18 July 2025 as a subsidiary of ELL Investments Limited, focuses on acquiring and managing assets in infrastructure, parking, hospitality, and entertainment. It brings together the long-standing business interests of the Ellul family, known for major projects such as the Malta Freeport, Malta International Airport, and Portomaso. The company serves as a financing vehicle and introduces a modern, transparent structure to support the growth of a diversified investment portfolio contributing to Malta’s economy.
Purpose of the Bond Issue
The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €29.45 million, will be used by the Issuer for the following purposes, in the amounts and order of priority set out below:
• €5.0m to repay the unsecured callable notes maturing in 2027 issued by ELL Finance p.lc.
• €4.0m to settle the MCP Company Limited’s existing bank borrowings.
• €20.45m to repay part of the outstanding amount for ELL Finance p.l.c.’s acquisition of MCP and MAL Shares from Ebcon Investments Limited. These proceeds will go towards the repayment of Ebcon Investments Limited’s outstanding borrowing facilities.
• Issue size: €30,000,000
• Coupon rate: 5.35% per annum
• Coupon payment frequency: Annually
• Interest Payment date: 4 August of each year between and including each of the years 2027 and the year 2036
• Maturity date: 4th August 2036
• Status: The Bonds constitute the general, direct, unconditional and secured obligations of the Issuer, guaranteed by the Guarantor, and shall at all times rank pari passu, without any priority or preference, among themselves. The Bond Obligations shall be secured by the Security Interest. Third party security interests may be registered by the Issuer which will rank in priority to the Bonds against the assets of the Issuer for so long as such security interests remain in effect.
• Min subscription: The Bonds will be issued in multiples of €100. The minimum subscription amount of Bonds that can be subscribed for by applicants is €1,000 for eligible existing bondholders of the 2025 Notes and €2,000 in all other cases. Full details about this bond are set out in the Prospectus dated 30th June 2026 which can be accessed through: https://ellfinance.com.mt/investors/bond-issue/
Eligible 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.
