MeDirect Bank (Malta) plc is pleased to announce that we are accepting applications for the €60 million bond issue by Hili Finance Company plc, which has been approved by the Malta Financial Services Authority and will be listed on the Official List of the Malta Stock Exchange.
Hili Finance Company p.l.c. was incorporated on 6 April 2018 as a financing vehicle within the Hili Ventures Group. Its principal activities are focused on acting as the funding arm of the Group rather than on commercial trading or operating businesses.
Main activities include:
- Raising finance for the group: The Company issues corporate bonds on the Malta Stock Exchange to generate funding. These unsecured bonds, typically guaranteed by the parent company Hili Ventures Limited, are subscribed to by institutional and retail investors.
- Providing financial resources to group companies: The funds raised through bond issuances are on-lent to Hili Ventures Limited and/or its subsidiaries. These advances support refinancing of existing debt, investments, capital expenditures, and general corporate purposes across the Group.
- Asset holding and financial management: The Company may acquire, hold and manage assets (including securities and other financial interests) to support its financing role, although it does not engage in operating commercial or trading activities itself.
Bond Details:
- Issuer: Hili Finance Company plc
- Guarantor: Hili Ventures Limited
- Amount: €60,000,000
- Interest Rate: 5% per annum
- Maturity: 6 February 2033
- Nominal Value: €100 per bond
- Minimum Subscription: €3,000 and in multiples of €100 thereafter
- ISIN: MT0001891242
The Bonds will constitute general, direct, unconditional and unsecured obligations of the Issuer and will rank pari passu among themselves and with other unsecured and unsubordinated obligations of the Company, subject to applicable laws. The Bonds are guaranteed jointly and severally by Hili Ventures Limited, the parent company of the Hili Ventures Group.
Use of Proceeds
According to the published documentation, the net proceeds from the Bond Issue (expected to amount to approximately €59 million after expenses) will be used as follows:
- the refinancing of part of the outstanding Premier Capital bonds;
- capital expenditure related to the Group’s retail business in Poland, the acquisition of a property in Hamrun, Malta and the development and refurbishment of a hotel in Valletta; and
- general corporate purposes.
Offer Period
Applications will be accepted from 7 January 2026 until 28 January 2026, or earlier if the issue is oversubscribed. Interest on the bonds will commence on 6 February 2026.
Subscription Allocation
Subscriptions will be allocated as follows:
- €32,500,000 reserved for holders of existing 3.75% Premier Capital plc Unsecured Bonds 2026, who may exchange their holdings for the new Bonds by way of an exchangeable bond transfer.
- €17,500,000 (plus any unutilised amounts from the first category) reserved for existing Hili Ventures group bondholders, shareholders, directors and employees, and other preferred applicants.
- €10,000,000 (plus any remaining unallocated amounts) will be available to the general public on a pari passu basis.
Who Can Apply:
- Premier Capital plc Bondholders may apply through an Exchangeable Bond Transfer and they can surrender all or part of their bonds in exchange for the new bonds issued by HIli Finance Company plc.
- Preferred Applicants (including existing Hili Finance bondholders, Hili Properties and Harvest Technology listed equity holders, and Hili Ventures stakeholders) will have reserved allocations.
- General Public applications will also be accepted.
How to Apply with MeDirect:
Full details, including terms and conditions, are available in the documents published by Hili Finance Company plc on their website https://hilifinance.com/5percentbonds2033/
Investors wishing to apply may do so by:
- Sending a Secure Message via Online Banking or Mobile App, or
- Contacting their Relationship Manager directly.
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 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, 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.
