MeDirect Bank (Malta) plc is now accepting applications for the €28 million secured bond issue by PLAN Group plc, offering an annual interest rate of 5.1% and maturing between 2028 and 2030.
The bond, which has received approval from the Listing Authority, is the first tranche under PLAN Group’s €40 million Bond Issuance Programme.
Company Overview
PLAN Group plc is an ever-growing and evolving group of companies operating across the care and property development sectors in Malta. The Group has built a strong reputation for developing state-of-the-art residential and care home projects, combining architectural excellence with functional quality.
Founded and led by Paul Attard, who boasts over 20 years of experience in the property industry, PLAN Group’s success is founded on a steadfast commitment to quality, value for money, and timely delivery of premium projects. Over the years, Attard has diversified the company’s portfolio to include healthcare and elderly care, leading to the establishment of Golden Care in Naxxar and Porziuncola by Golden Care in Baħar iċ-Ċagħaq, two of Malta’s most reputable care facilities.
In 2023, Paul Attard consolidated his various ventures under one core structure, PLAN Group plc, uniting his experience and vision under a single, robust organisation aimed at sustainable growth and excellence in service delivery.
Use of Proceeds
The €28 million bond issue will be primarily used to support PLAN Group’s next phase of growth and development, including strategic property investments and new project launches. The proceeds from the bond issue are expected to be allocated as follows:
- €500,000 – Bond issue costs
- €18 million – Acquisition of a site in Qawra
- €4.75 million – Commencement of development works on the Qawra site
- €4.75 million – Development costs in Qajjenza
Bond Terms
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.
Full details about this issue are set out in the base prospectus dated 17 October 2025 and corresponding final terms dated 22 October 2025 on the PLAN plc website accessible from https://plangroup.com.mt/investor-relations/.
Applications for this bond will be accepted on a first-come, first-served basis. 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 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.
