ClearFlowPlus p.l.c. Issue of €25,000,000 4.25% Unsecured Bonds 2033

Guaranteed by Water Services Corporation.  

ClearFlowPlus p.l.c. (the “Issuer”) has announced the issuance of €25,000,000 4.25% Unsecured Bonds maturing in 2033, having a nominal value of €100 per bond issued and redeemable at par.  

A copy of the Prospectus can be found HERE 

Information on the Issuer

The Issuer is currently a revenue-generating company that prioritizes sustainability and promotes eco-friendly activities. One of its main focuses is the provision of water through industrial reverse osmosis systems for the hospitality sector. In addition, the Issuer also provides private and public water dispensers to make clean, safe drinking water more accessible to the general public. By offering these products, the Issuer aims to reduce the number of plastic water bottles that end up in landfills or otherwise in the environment and promote healthier lifestyles by encouraging individuals to drink more water.  

In addition to focusing on sustainable products and responsible business practices, the Issuer also aims to commercialize the knowledge-based and operational expertise of its parent undertaking, Water Services Corporation (also being the “Guarantor” of the bond iss. With years of experience in the water industry, Water Services Corporation has developed a wealth of knowledge and technologies related to water treatment, conservation, and management. By commercializing this knowledge, the Issuer aims to generate revenue and advance the industry as a whole and contribute to solving the world’s water-related challenges. Furthermore, through partnerships with other companies and organizations, the Issuer aims to leverage its expertise to impact the environment and society while growing its business positively. 

Use of Proceeds 

The full proceeds from the Bond Issue will be used by the Issuer to provide a loan facility to the Guarantor, to be used as provided below:

(i) PV panels project: an amount of up to €6,000,000 will be used to finance the expected capital expenditure involved in procuring, installing and commissioning the new photovoltaic plants by the installation of photovoltaic panels on the reservoirs and other locations situated in various regions of Malta, namely the Luqa reservoir, the Guarantor’s Luqa headquarters and lab offices, the Pembroke reverse osmosis plant, the Lapsi reverse osmosis plant, the Naxxar reservoir, the Barkat sewerage treatment plant, the Bulebel new warehouse and the Cirkewwa reverse osmosis plant. 

(ii) Re-financing of part of Ħondoq reverse osmosis plant project: an amount of up to €1,700,000 will be used to refinance part of the costs incurred in connection with the development and commissioning of Ħondoq ir-Rummien reverse osmosis plant. 

(iii) Ta’ Barkat wastewater treatment plant aeration project: an amount of up to €2,000,000 will be used to finance the expected costs involved in upgrading the airblowers and the aeration system within Ta’ Barkat wastewater treatment plant. 

(iv) Investment in reducing non-revenue water and improving billing efficiencies projects: an amount of up to €7,900,000 will be used to finance investments in projects aimed to further reduce non-revenue water and improve billing efficiencies, in particular the costs in connection with the purchase and commissioning of the upgrade to the Guarantor’s Enterprise Resource Planning (ERP) – SAP system and the algorithmic software within such system so as to enhance its effectiveness in detecting real losses and to a greater extent apparent losses. 

(v) Investment in upgrading the water network and infrastructure projects: the remaining amount of €7,400,000 

How to Apply: 

Online – Moneybase Invest

Should you wish to apply online you can do so easily via our Moneybase Invest platform which is available as an app on both Android and iOS stores and also on the web https://live.moneybase.com. 

Through our Advisors

Clients and prospective clients who wish to seek financial advice or who prefer to speak to their financial advisor can visit one of our four branches (Birkirkara, Mosta, Sliema and Fgura) or contact us at +356 25 688 688 or via live chat on www.cc.com.mt

The minimum application amount is €5,000 and in multiples of €100 thereafter. Non-nominee applications will be subject to a €25 fee.

If you are interested to participate 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 contact customer care if you are unable to locate this.

The value of the investment can go down as well as up. Investing in the bonds of the Issuer may result in a loss of some or all of the capital invested. Prospective investors wishing to subscribe to the bonds should make their own research before making any investment decisions and should consider whether they fully understand the features of the investment and the potential risks and rewards associated with it and should seek the assistance of a financial advisor if in doubt. advisory investors are advised that where an appropriateness assessment is not required they do not benefit from the corresponding protection afforded under the Conduct of Business Rules.  

The information herein shall not constitute investment advice nor investment recommendations.

This advertisement was approved for issue by Calamatta Cuschieri Investment Services Limited of Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act. (Cap 370 of the Laws of Malta) .