MeDirect Bank (Malta) plc is accepting applications for the second tranche of secured bonds issued by ACMUS plc, a joint venture between JUEL Group plc and The ONA plc. With approval granted by the Listing Authority, this tranche falls under ACMUS’s EUR 23 million Bond Issuance Programme and offers a 5.25% coupon, maturing between 2028 and 2030 and an issue size of up to €9.5 million.
The Issuer & Guarantor
ACMUS plc (the Issuer) was incorporated on 19 February 2025 and operates primarily as a finance company whose main function is to lend to its subsidiary for property acquisitions and developments.
The Guarantor, ACMUS Properties Limited, is engaged in real estate development. As of end-2024, it had four active sites: two in Mġarr, one in Mosta, and one in St Julian’s.
Use of Proceeds
Bond proceeds will be used to finance the acquisition and development of four new residential sites in St Paul’s Bay (two sites), Marsascala, and Mellieħa. Projected revenue from these developments is approximately €36.55 million. A portion of the proceeds from each sale (70%) will be placed in a reserve account managed by a security trustee, for the benefit of bondholders.
Bond Terms & Security
The bonds will be available for subscription by all categories of investors and will be issued in multiples of €100 with a minimum subscription amount of €2,000. Retail investors must complete an appropriateness assessment by a licensed financial advisor prior to subscription.
Revenue from property sales will be secured via first-ranking privileges over the new development sites, and insurance policy pledges to safeguard bondholders’ interests.
Full details about this issue are set out in the Base Prospectus and Final Terms dated 28th July 2025 on the ACMUS plc website accessible from https://acmus.mt/investor-relations/.
If you are interested in applying, please send a Secure Mail via the MeDirect platform 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 email 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 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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