The bonds will carry a fixed interest rate of 5.25% per annum, payable annually on 14 July each year, and will mature on 14 July 2036, a 10-year tenor from commencement. The bonds will be listed on the Malta Stock Exchange. 

This Bond Issue is being made exclusively available to holders of the maturing 4% IHI Bonds 2026 (ISIN: MT0000111303) as a rollover opportunity and is not open to the general public. 

Find out more details in the documents below. 

Business overview 

International Hotel Investments p.l.c. (IHI) is a public limited liability company registered in Malta, operating as the holding and parent company of the Corinthia Group. The Group is focused on the ownership, development and operation of luxury hotels and residential and commercial real estate across multiple international markets. 

The Corinthia Group is synonymous with five-star luxury hospitality, with properties located in key European and international destinations. The Group’s revenue is primarily derived from owned hotel operations, hotel management fees, real estate rental income, and catering and ancillary services businesses. 

In 2025, the Group reported an operating profit of approximately €50 million and cash flows of €81.5 million from operating activities, reflecting continued growth. IHI’s shares are listed on the Malta Stock Exchange. 

Use of proceeds 

The net proceeds from the Bond Issue will be used by the Issuer for the redemption and cancellation of up to €30,000,000 of the maturing 4% IHI Bonds 2026 (ISIN: MT0000111303), which are due for redemption on 29 July 2026. Any remaining amounts required for the redemption of the maturing bonds will be financed from the Group’s general cash flow and/or banking facilities. 

Bond highlights 

The minimum application amount is €2,000, with additional subscriptions accepted in multiples of €100 thereafter. 

Bondholders whose current holding is below €2,000 will be required to fund their account with the additional amount necessary to meet the minimum application requirement.  

Bondholders holding more than €2,000 may elect to reinvest only part of their existing holding, provided that the amount subscribed for is at least €2,000. 

How to apply 

This offer is available exclusively to holders of the maturing 4% IHI Bonds 2026 (ISIN: MT0000111303) as at the Cut-Off Date of 10 June 2026. Applications will be accepted from 17 June 2026 until 7 July 2026, or earlier as may be determined by the Issuer. 

Bondholders who hold their bonds through a Calamatta Cuschieri Moneybase nominee account may submit their application using any of the channels listed below. 

Online 

Send an email or reach out to us via our website. 

By phone 

Call us on +356 25 688 688. Our ISO-certified Customer Care team is available 7 days a week. 

In person / Advisory 

Visit any of our branches in Birkirkara, Mosta, Sliema or Fgura. Our advisors are available throughout the application period to assist you. 

Calamatta Cuschieri Investment Services Limited 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 information contained in this article is provided strictly for information purposes and does not constitute, nor should it be interpreted as, an offer, invitation, recommendation or solicitation to buy, sell or subscribe to any financial instrument or investment product. The information presented may be amended without prior notice and does not constitute investment advice, investment research or a guarantee of future returns or performance.

Prospective investors are encouraged to read the applicable terms and conditions, Prospectus and offering documentation in full before making any investment decision. Investors should be aware that investments in financial instruments involve risks, including the possible loss of part or all of the capital invested, particularly in the event of default, insolvency and/or bankruptcy of the issuer.

The financial instruments referred to herein are intended for retail clients; however, they may not be suitable or appropriate for all investors. Investors should make their own independent assessment and seek independent professional advice regarding the suitability and appropriateness of any investment, taking into account their individual investment objectives, financial situation and risk tolerance.

The value of investments and any income derived therefrom may fluctuate and can go down as well as up. Past performance is not a reliable indicator or guarantee of future performance. Where investments are denominated in a currency other than the investor’s base or reporting currency, changes in foreign exchange rates may adversely affect the value and/or returns of the investment.

Calamatta Cuschieri Investment Services Ltd (C13729) is licensed by the MFSA to carry out investment services business in terms of the Investment Services Act (Cap. 370). The company is a subsidiary of Calamatta Cuschieri Moneybase plc and is registered at Level 0, Ewropa Business Centre, Dun Karm Street, Birkirkara BKR 9034, Malta.

The bonds will carry a fixed interest rate of 5.50% per annum, payable semi-annually, and will have a maturity of 8 years and 3 months. The bonds also carry an investment-grade BBB rating by EthiFinance  and will be listed on the Malta Stock Exchange. 

This Bond Issue is backed by a security package linked to the Group’s underlying infrastructure asset. The package comprises economic rights arising from a long-term public concession relating to the maintenance of Barcelona Metro Line 9 Sud stations in Catalonia, Spain. 

Find out more details on the Prospectus below. 

Business overview 

ACS Finance p.l.c. forms part of the Audentia Capital Group, an international alternative investment and infrastructure-focused group established in Malta in 2011. The Group operates across Malta, Luxembourg, Ireland, and Spain through regulated investment management, securitisation, and alternative investment structures.  

The Group manages over 100 investment vehicles with more than €3 billion in assets under management and has built a strong presence within alternative investments and infrastructure-backed financial structures.  

ACS Finance p.l.c. holds 36% of the economic rights arising from a government-funded public concession granted by the Catalonia region for the ordinary maintenance of 15 stations forming part of Line 9 Sud of the Barcelona Metro system. 

Overview of the underlying asset 

The underlying asset relates to Barcelona Metro Line 9 Sud, one of Europe’s largest and most modern metro infrastructure projects. The line connects Barcelona Airport with the city centre and surrounding neighbourhoods and is recognised as the longest automated metro line in Europe. 

The concession benefits from long-term availability-based payments, providing stable and predictable cashflows with no passenger demand risk. The concession runs until August 2041 and is ultimately supported by Infraestructures Ferroviàries de Catalunya (IFERCAT), the railway infrastructure agency fully owned by the Government of Catalonia. 

The Barcelona Metro Line 9 Sud project forms part of a sustainable public transport network aligned with EU Green Taxonomy objectives and supports low-emission urban mobility. It is operated under ESG-compliant standards and comprises 15 metro stations and 11 ventilation and emergency shafts across the operational section of Line 9 Sud.  

The stations include direct airport connectivity through the Aeroport T1 and Aeroport T2 stations, serving one of Spain’s busiest airports.  

The infrastructure is considered strategically important for the Catalonia region and benefits from continued governmental support through IFERCAT and the Generalitat de Catalunya. Passenger numbers across Barcelona’s metro network continue to grow steadily, with Line 9 Sud serving as a key transport link between Barcelona city centre and El Prat Airport. 

The concession has demonstrated a strong operational track record since operations began, with no historical deductions or penalties reported under the availability of payment mechanism. Maintenance obligations are managed under fixed contractual arrangements extending to 2041, further enhancing cashflow visibility. 

Use of proceeds 

The net proceeds from the Bond Issue will be utilised to finance the acquisition of the economic rights linked to the concession asset and support the Group’s broader infrastructure financing strategy. 

The Bond Issue is intended to strengthen the Group’s long-term funding structure while supporting continued investment in infrastructure-backed assets with stable cashflow characteristics. 

Bond highlights 

The minimum subscription amount is €2,000, with additional subscriptions accepted in multiples of €100. 

Security package 

The Bonds are secured through a pledge over the economic rights associated with the underlying concession asset linked to Barcelona Metro Line 9 Sud. The asset has an estimated economic value of approximately €88 million according to the transaction structure presented. 

A Security Trustee will act on behalf of bondholders to hold and administer the security package collectively. The transaction structure is designed to provide investors with additional protection through secured exposure to long-term infrastructure-related cashflows. 

The Bonds benefit from an investment-grade BBB rating assigned by EthiFinance, an EU-registered credit rating agency, reflecting the concession’s availability-based revenue model and the credit quality of the Catalonia regional government supporting the concession payments. BBB is an investment grade credit rating indicating the issuer has adequate capacity to meet its financial commitments, offering investors a meaningful level of credit confidence.  

How to apply 

If you are considering participating in the Bond Issue, we recommend funding your account via bank transfer using your dedicated IBAN. Your IBAN details are available on the Moneybase platform, as well as on your portfolio and statement reports. Alternatively, you can add funds to your account instantly by card through the Moneybase app.   

There are no application fees associated with subscribing to this Bond Issue. 

Customers may apply through the following channels: 

Online 

Applications can be submitted through the Moneybase platform, available on iOS, Android, and web. To apply, search for the bond within the platform and complete your application in just a few steps. 

5.5% ACS Finance p.l.c. 2034 

The minimum subscription amount is €2,000, with additional subscriptions accepted in multiples of €100. 

Advisory 

Clients seeking investment advice or personalised assistance may contact their financial advisor or visit any of our branches located in Birkirkara, Mosta, Sliema and Fgura. 

Our advisory teams will be available throughout the application period to guide clients through the subscription process and answer any queries they may have. 

Our ISO-certified Customer Care team is available 7 days a week. Clients can get in touch via in-app live chat or by calling on +356 25 688 688. 

Calamatta Cuschieri Investment Services Limited 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 information contained in this article is provided strictly for information purposes and does not constitute, nor should it be interpreted as, an offer, invitation, recommendation or solicitation to buy, sell or subscribe to any financial instrument or investment product. The information presented may be amended without prior notice and does not constitute investment advice, investment research or a guarantee of future returns or performance. 

Prospective investors are encouraged to read the applicable terms and conditions, Prospectus and offering documentation in full before making any investment decision. Investors should be aware that investments in financial instruments involve risks, including the possible loss of part or all of the capital invested, particularly in the event of default, insolvency and/or bankruptcy of the issuer. 

The financial instruments referred to herein are intended for retail clients; however, they may not be suitable or appropriate for all investors. Investors should make their own independent assessment and seek independent professional advice regarding the suitability and appropriateness of any investment, taking into account their individual investment objectives, financial situation and risk tolerance. 

The value of investments and any income derived therefrom may fluctuate and can go down as well as up. Past performance is not a reliable indicator or guarantee of future performance. Where investments are denominated in a currency other than the investor’s base or reporting currency, changes in foreign exchange rates may adversely affect the value and/or returns of the investment. 

Calamatta Cuschieri Investment Services Ltd, company registration number C13729, is licensed by the Malta Financial Services Authority to conduct investment services business under the Investments Services Act, Cap 370 

This follows the successful issuance of the first series of bonds in 2025, which was fully subscribed following its launch. 

Find out more details on the prospectus and final terms below. 

Business overview 

AGB Finance p.l.c. forms part of the AGB Group, which, through the Guarantor, is principally involved in the acquisition, development, and rental of immovable property across Malta. The Group operates across the accommodation and tourism, commercial, and residential markets. 

The Group has established a growing presence within Malta’s real estate and tourism sectors through a portfolio of operational hospitality assets, development projects, commercial premises, and residential properties located in prime areas across the island. 

The Bond Issue forms part of the Group’s broader financing strategy to support ongoing development projects, strengthen its capital structure, and drive long-term growth through income-generating assets. 

Overview of holdings 

The Group’s portfolio consists of a mix of operational hospitality assets, income-generating commercial units, and residential and mixed-use developments across Malta, primarily structured to generate long-term rental income.

Hospitality assets 

The Group owns the G Hotel in St Julian’s, a 25-room, fully operational 3-star hotel leased to third-party operators under a long-term agreement generating fixed rental income. 

Adjacent to the G Hotel, the Group is also developing Corks Hotel, a 34-room project expected to be operated as a hotel upon completion. 

In Gżira, the Group is developing the Gżira Hotel, a 34-room, 3-star hotel currently in advanced construction, with finishing works underway. The project has the potential to expand to 49 rooms, subject to planning approval. Both the Gżira and Corks Hotel projects are intended for long-term leasing to hospitality operators. 

Commercial assets 

The Group owns two fully leased commercial outlets in Gżira, comprising a restaurant and a retail outlet, both generating recurring rental income under long-term lease agreements. 

Residential and mixed-use developments 

The Group is also involved in residential-led developments, including the Sliema Development Site, comprising residential apartments and a commercial unit, currently subject to planning approval and acquisition conditions. 

In Msida, the Group holds a partial interest in a completed residential block comprising apartments and a garage. Most units have been pre-sold under preliminary agreements, supporting near-term deleveraging through unit sales. 

Use of proceeds 

According to the Prospectus and the Final Terms, the net proceeds from the Bond Issue are to be primarily used to finance two property developments in Gżira and Sliema, with the remainder allocated to general corporate funding. 

The Bond Issue is therefore intended to support the continued expansion of the Group’s property and hospitality portfolio while strengthening its long-term funding structure. 

Bond highlights 

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

Security package 

The Bonds are secured by first-ranking special hypothecs granted over selected hospitality assets forming part of the Group’s portfolio, principally comprising the Corks Hotel and the Sliema Development Site. 

A security trustee holds this security on behalf of all bondholders, ensuring investors are protected collectively rather than individually. The Bonds also benefit from a guarantee provided by the AGB Group, meaning repayment is supported not only by the issuing company, but by the broader group structure. 

The security package is intended to provide bondholders with additional protection through collateral granted over key assets within the Group’s portfolio. 

How to apply 

If you are considering participating in the Bond Issue, we recommend funding your account via bank transfer using your dedicated IBAN for the quickest and most efficient processing experience. Your IBAN details can be accessed through the Moneybase platform or found on your portfolio and statement reports. Alternatively, you may top up your account instantly by card through the Moneybase app. 

There are no application fees associated with subscribing to this Bond Issue. 

Customers may apply through the following channels: 

Online 

Clients can now submit their bond application directly through the Moneybase platform, available on iOS, Android, and web. 

To apply, search for the bond within the platform and complete your application in a few steps. 

5.70% AGB Finance plc 2036 

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

Advisory 

Clients seeking investment advice or personalised assistance may contact their financial advisor or visit any of our branches located in Birkirkara, Mosta, Sliema and Fgura. 

Our advisory teams will be available throughout the application period to guide clients through the subscription process and answer any queries they may have. 

Our ISO-certified Customer Care team is available 7 days a week. Clients can get in touch via in-app live chat or by calling on +356 25 688 688. 

Calamatta Cuschieri Investment Services Limited 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 information contained in this article is provided strictly for information purposes and does not constitute, nor should it be interpreted as, an offer, invitation, recommendation or solicitation to buy, sell or subscribe to any financial instrument or investment product. The information presented may be amended without prior notice and does not constitute investment advice, investment research or a guarantee of future returns or performance. 

Prospective investors are encouraged to read the applicable terms and conditions, Prospectus and offering documentation in full before making any investment decision. Investors should be aware that investments in financial instruments involve risks, including the possible loss of part or all of the capital invested, particularly in the event of default, insolvency and/or bankruptcy of the issuer. 

The financial instruments referred to herein are intended for retail clients; however, they may not be suitable or appropriate for all investors. Investors should make their own independent assessment and seek independent professional advice regarding the suitability and appropriateness of any investment, taking into account their individual investment objectives, financial situation and risk tolerance. 

The value of investments and any income derived therefrom may fluctuate and can go down as well as up. Past performance is not a reliable indicator or guarantee of future performance. Where investments are denominated in a currency other than the investor’s base or reporting currency, changes in foreign exchange rates may adversely affect the value and/or returns of the investment. 

Calamatta Cuschieri Investment Services Ltd, company registration number C13729, is licensed by the Malta Financial Services Authority to conduct investment services business under the Investments Services Act, Cap 370 

Find out more details on the Base Prospectus & Final Terms below. 

Business overview 

Challenge Aviation p.l.c. operates as the dedicated financing vehicle of the Bond Group, established to raise capital and advance funding to group entities engaged in the acquisition, ownership, and leasing of aircraft. Through this structure, the Bond Group builds and manages a portfolio of wide‑body cargo aircraft which are leased on a medium‑ to long‑term basis to operating airlines within the wider Challenge Group. 

The board of Challenge Aviation p.l.c. highlighted that the bond programme represents an important milestone for the expansion of aircraft leasing operations. The Bond Group currently owns 14 aircraft, and additional aircraft engines valued at around $400 million, with funds raised intended to further support the Group’s growth strategy in the air cargo sector. 

The aircraft leasing platform supports the wider Group’s fully integrated air‑cargo operations, which span cargo airlines, ground handling, logistics, and commercial air freight services across multiple jurisdictions, including Europe, Israel and Malta. Lease income generated under contractual arrangements contributes to the financial sustainability of the aircraft ownership structure and underpins the Group’s core aviation activities. 

Use of proceeds 

The net proceeds from the Bond Programme are expected to amount to an aggregate of €30 million, before issuing costs. These proceeds will be used to refinance the acquisition of a Boeing B777‑300ER aircraft, which forms part of the Challenge Group’s aircraft fleet supporting its air cargo operations. 

By refinancing this aircraft acquisition, the Group aims to align long‑term funding with long‑term assets, supporting financial stability and efficient capital management. This approach allows the Group to continue investing in its fleet while maintaining a balanced funding structure to support ongoing operations and future growth. 

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 platform. 

Online 

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

Should you prefer to apply online, kindly look up the instrument below and specify the amount of bonds you would like to subscribe: 

• 5.75% Challenge Aviation plc 2032 
   

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

Advisory 

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact our customer support on +356 25 688 688 or on www.cc.com.mt. 

If you need assistance, our ISO-certified customer care team is available to assist 7 days a week.

Calamatta Cuschieri Investment Services Limited 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). 

This is a marketing communication. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in the bonds of the Issuer may result in a loss of some or all the capital invested. Prospective investors wishing to subscribe to the bonds should make their own assessment as to the suitability of the investment after reading the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds. Prospective investors are to consult their independent financial advisor as to the suitability or appropriateness of investing in the bonds.

Find out more details on the Base Prospectus & Final Terms below. 

Business Overview 

The issuer’s principal activity is that of a finance company.  The issuer does not itself carry on  

any trading activities apart from raising capital and advancing it to members of the Group as and when the demands of their business so require. Accordingly, the Issuer is economically dependent on the Group. 

The Guarantor is the holding company of the Group and holds investments in several subsidiaries operating in the following sectors: hospitality, F&B, and property development. 

The Group is primarily engaged in three (3) primary business divisions, namely ‘Hospitality &  

Leisure’, ‘Food & Beverage’ and ‘Property Development’. In line with its long-term growth strategy, the Group continues to actively pursue opportunities to diversify its business portfolio. This includes a strategic investment in industrial laundry services, aimed at leveraging operational synergies and expanding into complementary service areas. 

Use of proceeds 

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €19,700,000 shall be used for the following purposes: 

i. approximately €15,000,000 shall be on-lent to db San Gorg Property Limited. Such amount shall go towards the repayment of existing inter-company loans entered by and between db San Gorg Property Limited (in its capacity as borrower) and the Guarantor (in its capacity as lender), in connection with the development of the St. George’s Bay Project; and 

ii. approximately €4,700,000 shall 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 platform. 

Online 

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

Should you prefer to apply online, kindly look up the instrument below and specify the amount of bonds you would like to subscribe: 

• 5.2% SD FINANCE 2031 Tranche 2  
   

The minimum application amount is €2,000 and in multiples of €100 thereafter.  

Advisory 

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact our customer support on +356 25 688 688 or on www.cc.com.mt. 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week.

Calamatta Cuschieri Investment Services Limited 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). 

This is a marketing communication. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in the bonds of the Issuer may result in a loss of some or all the capital invested. Prospective investors wishing to subscribe to the bonds should make their own assessment as to the suitability of the investment after reading the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds. Prospective investors are to consult their independent financial advisor as to the suitability or appropriateness of investing in the bonds. Prospective investors are advised that where an appropriateness assessment is not required investors do not benefit from the corresponding protection afforded under the Conduct of Business Rules.  

(a) 3.8% Malta Government Stock 2036 (III) at €100 with a YTM of 3.7998%, which corresponds to an annualised rate of 3.8359%, and  

(b) 4.1% Malta Government Stock 2041 (II) at €100 with a YTM of 4.0997%, which corresponds to an annualised rate of 4.1418%. 

The Accountant General is offering an aggregate nominal amount of €300,000,000 in any combination of the above Stocks subject to an over-allotment option of €200,000,000 in the event of over-subscription.    

Applications by any single and/or joint applicants which do not exceed €499,900 per person (retail investors) will close on Wednesday, 22 April 2026 at 14:30 hrs., or earlier at the discretion of the Accountant General.   

How to apply 

There are no fees to apply. Both nominee and non-nominee orders are free of charge.  

Online 

Investors who wish to apply online can now easily place orders online from the Moneybase app available on both Android and IOS app stores and on web.

 Advisory  

Financial Advisory clients who wish to seek financial advice or prefer to speak to their financial advisor can visit one of our branches (Birkirkara, Mosta, Sliema and Fgura), contact us via email or call +356 25 688 688. 

If you are interested in participating in this issue and need to fund your account, we strongly recommend that you fund your account using the IBAN provided on your account for fast straight-through processing. This can be found easily on your portfolio and statement reports or on our online portals. Please get in touch with customer care if you are unable to locate this. 

Need help or have a question? Contact us via in-app live chat or call +356 25 688 688, available 7 days a week.   

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

Marketing Communication:  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.  

(a) 3.80% Malta Government Stock 2036 (III); and 

(b) 4.10% Malta Government Stock 2041 (II). 

The Accountant General is offering an aggregate nominal amount of €300,000,000 in any combination of the above Stocks subject to an over-allotment option of €200,000,000 in the event of over-subscription.  

The price for each stock will be announced on Thursday 16 April 2026 after close of business of the secondary market of the Malta Stock Exchange.  We will notify our investors directly once issued.

How to apply:

There are no fees to apply. Both nominee and non-nominee orders are free of charge.

Online

Investors who wish to apply online, should ensure your account is funded to be able to raise the order easily on Thursday, 16 April 2026 after prices have been published. Moneybase is available as an app on both Android and IOS app stores and on the web at https://live.moneybase.com. If you need assistance our ISO-certified customer care team is available to assist 7 days a week.

Advisory

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us via email or calling us on +356 25 688 688. 

If you are interested in participating in this issue and need to fund your account, we strongly recommend that you fund your account using the IBAN provided on your account for fast straight-through processing. This can be found easily on your portfolio and statement reports or on our online portals. Please get in touch with customer care if you are unable to locate this. 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week. 

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

Marketing Communication:  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. 

Please find the prospectus relating to the respective bond issue.

Business overview 

BBT Group is a strategic joint venture established in 2022 by four Maltese business entities: TUM Invest, BT Group, Burmarrad Group, and the V&C Group.The Group owns and manages a diversified commercial real estate portfolio distributed across Malta and Gozo, comprising shopping centres, hotels, purpose-built business complexes, and office facilities.   

The Group’s property portfolio has an estimated value exceeding €150 million, including The Watercourse and San Gwakkin, two commercial buildings in Mrieħel; CenterParc, the shopping centre in Qormi; a prominent site in Burmarrad which is being developed into a shopping centre; as well as the Calypso Hotel in Gozo, together with other commercial and hospitality assets at various stages of planning. 

Use of proceeds 

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately twenty-four million and four hundred thousand Euro (€24,400,000), will be utilised for the following purposes, in the following amounts and order of priority: 

• the first seven million Euro (€7,000,000) of the proceeds will be used to repay the shareholder’s loan due to TUM as part consideration on the acquisition of land in Zurrieq; 

• the following fifteen million Euro (€15,000,000) of the proceeds will be used to part-finance the development and construction of the Burmarrad site; and 

• the following two million and four hundred thousand Euro (€2,400,000) of the proceeds will be used to finance general corporate funding requirements of the Group. 

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. 

Should you prefer to apply online, kindly search for the applicable instrument from the below list and specify the amount of bonds you would like to subscribe for: 

• 5.4% BBT plc Secured Callable Bonds 2032-36

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

Advisory 

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us by calling on +356 25 688 688 or book an appointment. 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week. 

Calamatta Cuschieri Investment Services Limited 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). 

This is a complex instrument. 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

Please find the prospectus relating to the respective bond issue.

Business Overview 

IZI Finance p.l.c. is the finance and holding company of the IZI Group, a leading operator in Malta’s regulated gaming industry. Through its operating subsidiaries, the Group is active across both land-based and online gaming verticals, including casinos, national lottery operations, retail and digital betting, electronic gaming machines and other regulated gaming services. The Group’s flagship land-based operation is the Dragonara Casino, operated by Dragonara Gaming Limited under a long-term concession, alongside its exclusive operation of Malta’s National Lottery through National Lottery p.l.c. 

The Group generates diversified revenue streams from casino operations, national lottery products (including Super 5 and Lotto), retail betting outlets and online gaming platforms. In recent years, the Group has focused on strengthening operational efficiency, expanding its digital offering and pursuing international growth opportunities. As the holding and financing vehicle of the Group, IZI Finance p.l.c. supports these operations by raising capital and on-lending funds to its subsidiaries to finance growth, expansion and strategic initiatives. 

Use of proceeds 

The net proceeds from the €30 million 5.5% unsecured bonds due 2036 (expected to amount to approximately €29.5 million after expenses) will primarily be used to support the Group’s next phase of growth and international expansion. Approximately €4 million will be allocated towards the partial refinancing of existing bank facilities, thereby optimising the Group’s capital structure and enhancing financial flexibility. 

The remaining proceeds — approximately €23 million — will strengthen the Group’s funding capacity to identify, evaluate and execute international strategic opportunities, in line with its broader internationalisation strategy. A further €2.5 million will be applied towards general corporate purposes, including working capital and operational support associated with its expanding footprint. Collectively, the bond issue is intended to reinforce the Group’s financial platform while positioning it for continued development both locally and abroad. 

How to apply 

The bond offer is open to existing bondholders of the 4.25% IZI Finance Plc Unsecured 2029 bond through an Existing Bondholders’ Offer and the public through an Intermediaries’ Offer. 

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 platform.

Online

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

Existing bondholders of the 4.25% IZI Finance Plc Unsecured 2029 can apply through the Moneybase platform by looking up the security below and specifying the amount of bonds they wish to subscribe for:

• 5.5% IZI Finance plc unsecured 2036 Existing

Existing certificated bondholders of the 2029 bonds are requested to provide a completed ‘Application Form – Existing bondholders’ that has been provided to them. If you hold your bonds under our nominee, no form is required.

General Applicants wishing to apply under the Intermediaries Offer can look up the following instrument on Moneybase and specify the amount of bonds they wish to subscribe for:

• 5.5% IZI Finance unsecured 2036 General

The minimum application amount is €2,000 and in multiples of €100 thereafter.

Advisory

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us via email on support@moneybase.com, calling us on +356 25 688 688 or book an appointment. 

If you need assistance our ISO-certified customer care team is available to assist 7 days a week.

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.

Please find the prospectus relating to the respective bond issue.

Business Overview

MM Triton Malta Finance p.l.c. is a Malta-incorporated special purpose vehicle set up to raise funding for the MM Triton Group through the issuance of secured bonds. The Issuer itself does not carry out trading activities and is fully owned by MM Triton Holdco Limited, the Group’s UK holding company and guarantor of the bonds. The Group has been established to acquire and own hotel assets in the United Kingdom, with its initial focus being two operational hotels located in Marlow and Reading.

Following completion of the acquisition, the Group’s principal assets will consist of the Crowne Plaza Marlow and the Crowne Plaza Reading. Both hotels operate under the internationally recognised Crowne Plaza brand pursuant to franchise agreements and are managed by a professional hotel operator. The Group’s strategy is centred on owning income-generating hospitality assets in established UK locations, benefiting from brand recognition, operational scale and exposure to the UK corporate and leisure travel markets.

Use of proceeds

The bond issue of up to €45 million (with expected net proceeds of approximately €43.9 million after expenses) will be on-lent by the Issuer to the Guarantor to part-finance the acquisition of the two UK hotel properties. Specifically, approximately €26.8 million will be advanced to the Group vehicle acquiring the Marlow hotel entities, while approximately €17.1 million will be advanced to the Group vehicle acquiring the Reading hotel entities.

In essence, the bond proceeds are being used to fund the equity and acquisition financing required to purchase the companies that own and operate the two hotels. The bonds are secured and benefit from a joint and several guarantee from the UK holding company, with security granted over the underlying hotel assets through the structure described in the Prospectus.

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 platform.

Online

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

Should you prefer 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% MM Triton Malta Finance Plc Secured 2032

The minimum application amount is €2,000 and in multiples of €100 thereafter.

Advisory

Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us via email on support@moneybase.com, calling us on +356 25 688 688 or book an appointment.

If you need assistance our ISO-certified customer care team is available to assist 7 days a week.

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.