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HH Finance p.l.c.

HH Finance p.l.c. announced the issuance of €27,000,000 5.2% Secured Bonds maturing in 2035, with a nominal value of €100 per bond issued and redeemable at par. 

The Lifetime Group has its origins in a Paceville entertainment property and operations business established in the 1990s by the late Hugo Chetcuti who was later succeeded by his son Luke Chetcuti. The business continued to develop over the years with a preference for exposure in the hospitality and entertainment (including food and beverage) sectors, which development has also seen the establishment and increased awareness of the Hugo’s brand allowing also successful licensing and franchising thereof and of the outlets operating under the same. The Group owns various property outlets in the heart of Malta’s entertainment hub, Paceville in Saint Julians, which it rents out to the Operational Companies and third parties.  

Apart from the Issuer’s activity of acting as the finance arm of the Group, the Issuer Group currently holds the following major assets and is involved in the following business activities and sectors: 

i)  ownership of the H Hotel and of the All Round Properties, for long-term investment and for rental; 

ii)  ownership, development, protection and licensing of the Group IP Assets to the Operational Companies. 

The Issuer’s and the Issuer Group’s main objectives are to manage its assets to maximise long-term capital growth and return on its investments and facilitate further growth within the overall Lifetime Group. 

More info about this bond issue on this link.