MeDirect Bank (Malta) plc is now accepting applications for the €25,000,000 BBT p.l.c. 5.4% Secured Bonds redeemable in 2032 – 2036.
About the Issuer and Group
BBT p.l.c. is a Malta-registered public limited liability company incorporated on 7 April 2022. It acts as the investment holding entity of the BBT Group and is primarily engaged in holding equity interests in subsidiaries involved in the development and management of commercial real estate projects aimed at generating rental income and long-term capital appreciation.
The Group is structured as a joint venture between several Maltese business groups, including Tum Operations Ltd, BT Group Ltd, Burmarrad Group Assets plc, V&C Developments Limited, and V&C Investments Limited. Through this structure, the Group brings together expertise in property development, construction, and commercial real estate investment.
Use of Proceeds
The bond issue is expected to raise €25 million, with proceeds intended to support the Group’s development pipeline. Funds will be allocated primarily towards the acquisition and development of a new commercial project in Burmarrad, planned to be developed into a major shopping mall.
The expected allocation of proceeds is as follows:
- €7 million for the acquisition of land at the Burmarrad site
- €15 million to finance the development of the Burmarrad commercial project
- €3 million for general corporate purposes and bond-related expenses
Key Features of the Bond
- Issuer: BBT p.l.c.
- Amount: €25,000,000
- Coupon: 5.4% per annum
- Term: 10 years (callable)
- Security: Secured by the Watercourse commercial property in Mrieħel, currently valued at approximately €33 million
- Minimum subscription: €5,000 (and in multiples of €100 thereafter)
- Denomination: €100 per bond
Full details about the bond issue are available in the Prospectus, Securities Note and Registration Document on the issuer’s website https://bbtgroup.mt/investor-information/
How to Apply
Applications will be accepted on a first-come, first-served basis. Retail investors must complete an appropriateness assessment by a licensed financial advisor prior to subscription since this is a complex instrument.
If you are interested in applying, please send a Secure Mail via the MeDirect online banking or mobile app, or contact your 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 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. This is a complex instrument and 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.
