Picture your Future. Save for it by earning 1.5% on a 1-year Term Deposit Account! Learn more.

Von der Heyden Group Finance p.l.c. – New Bond Issue

Von der Heyden Group Finance p.l.c. (the “Issuer”), has announced the issue of €35,000,000 Unsecured bonds at 5% at a nominal value of €100 per bond, redeemable in 2032 (the “Bond Issue”), following approval granted by the Listing Authority. The Bonds are guaranteed jointly and severally by Timan Investments Holdings Limited (C 63335), a private limited liability company registered under the laws of Malta.

The minimum subscription amount is €2,000 and in multiples of €100 thereafter. The interest rate of 5 per cent will be paid annually on 16th December with the first interest payment being affected on 16 December 2023, covering the period 16 December 2022 up to and including 15 December 2023

The proceeds from this new bond issue will be used for the redemption of the previous 2017 issuance of €25 million 4.4% unsecured bonds due to mature in 2024, subject to the early redemption of the said maturing bonds to be placed for the approval of the holders thereof. The remaining proceeds will be on-lent to the guarantor, Timan Investments Holdings Ltd for the part-financing of the Andersia Silver project, and for general corporate funding.  

Andersia Silver, the Group’s flagship project, a 40,000 sqm A-class office tower having an investment value of over €105 million, has secured bank financing as well as 10% of its office tenancy in pre-leases ahead of its construction. The 116m high skyscraper will be Poznań’s highest building after its Andersia Tower (105,2 m) being developed through a joint venture company between the Von der Heyden Group and the City of Poznań.

Full details about this Bond Issue are set out in the Prospectus dated 10th October 2022 which can be found here.

MeDirect will be accepting applications from anyone interested in applying. All applications must be received by not later mid-November 2022. In the event of over-subscription, the Issuer reserves the right to close the Offer Period earlier.

If you are interested in applying, please send us a Secure Mail 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 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 is intended only for the use of the recipient and shall not be reproduced in any way, whether in whole or in part, by the recipient. Any unauthorised disclosure, use or dissemination, either in whole or in part, of the material contained within is strictly prohibited.

Share on facebook
Share on linkedin

Latest news articles

Mariner Plc
All News

Mariner Finance p.l.c. – New Bond Issue

MeDirect will be accepting applications for anyone interested in applying for the new €15,000,000 Best Deal Properties Holding p.l.c. 4.75% Secured bonds 2025-2027.

All News

Notes from the Trading Desk – Franklin Templeton

As we enter the second half of November, it’s notable that German gas reserves are essentially at 100%, further easing concerns about winter heating needs and a severe economic recession. The US housing market has continued to slow, and US personal savings have slumped to levels last seen during the global financial crisis.

Experience better banking

The sooner you start managing your money, your way, using the best-in-class tools, the sooner you’ll see results. Sign up and open your account for free, within minutes.

Login

We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.