QLZH Holding p.l.c. announces 5.5% secured callable bonds

QLZH Holding p.l.c. has announced the second tranche of its €12 million bond program, issuing €5,200,000 in 5.5% Secured Callable Bonds, redeemable between 2030 and 2035. Each bond carries a nominal value of €100 and will be issued at par. 

Business Overview 

The Issuer is a holding company whose principal objects are to carry on the business of a holding company and to purchase, take on lease, exchange, hire or otherwise acquire, develop, alter or dispose of any immovable property. 

The QLZH Group’s operations are divided into two, distinct business segments: 

Private Brokerage 

This business vertical makes up the majority of the QLZH Group’s operations. It functions on the basis of a dual franchise and ‘self-operated’ model, pursuant to which the QLZH Group offers both residential and commercial sales as well as letting brokerage services via its franchisees and/or its seven (7), self-operated ‘home’ offices which are operated by Dowdall (ZH) and/or Dowdall Real Estate. 

Property Management 

This business segment (which forms part of the QuickLets Business) is operated by QuickLets Property Management under the QuickLets Brand. It offers an all-inclusive property management service targeting landlords of rental properties. This all-inclusive service includes general management and lease administration, marketing of vacant properties, leasing and sub-leasing, building repairs and maintenance, and interaction with tenants – including in the event of any disputes or complaints. 

Use of Proceeds 

The net proceeds from this tranche, which net of the Bond Issue expenses are expected to amount to approximately €5,132,500 will be utilised for the following purposes, in the order of priority set out below: 

• Circa €4,623,500 will be used for the purpose of financing the acquisition of ownership title and/or other real rights over the Development Projects (as applicable), and the completion of the Real Estate Projects. For ease of reference, circa €2,562,000 is required for the purpose of the acquisition of the Valletta Properties with the finishing costs thereof estimated at circa €305,500. Whilst the cost to acquire the Floriana Project is circa €870,000 with the estimated development costs thereof at circa €886,000; and  

• Circa €509,000 will be utilised for general corporate funding purposes. 

How to apply: 

There are no fees to apply, this includes both nominee and non-nominee (certificated) applications. 

If you are interested in participating in the Bond Issue and need to fund your account with us, we strongly recommend that you send a bank transfer to the IBAN provided on your account for fast straight-through processing. This can be found easily on your portfolio and statement reports or via the Moneybase platform. Please contact customer care if you are unable to locate this. You can also fund your account by card through the Moneybase app. 

Online 

Our award-winning platform, Moneybase is available as an app on both Android and IOS app stores and on the web. 

To apply online, kindly look up the following instrument on Moneybase and specify the amount of bonds for which you would like to subscribe: 

5.5% QLZH Holding Plc Secured 2030-2035 S1 T2

Advisory 

Financial advisory clients who wish to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura), contact us via email on [email protected], or call our customer support on +356 25 688 688. 

The minimum application amount is €5,000 and in multiples of €100 thereafter. 

 
Calamatta Cuschieri Investment Services Ltd is a member of the Maltese Investor Compensation Scheme. Instruments entrusted with us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09). 

The value of the investment can go down as well as up. Prospective investors wishing to subscribe to the bonds should make their own assessment and carefully consider the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds and should seek the assistance of a financial advisor if in doubt. This advertisement was approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.