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 firstname.lastname@example.org.
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.
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