GPH Malta Finance p.l.c. – Issue Up to €25,000,000 6.25% Unsecured Bonds 2030

GPH Malta Finance p.l.c. (the “Issuer”) has announced the issuance of €25,000,000 6.25% Unsecured Bonds maturing in 2030, having a nominal value of €100 per bond issued and redeemable at par.  

Business Overview 

The Guarantor is the world’s largest independent cruise port operator, with an established presence in the Caribbean, Mediterranean and Asia-Pacific regions, and a commercial port operation in Montenegro. The Group’s business divisions are twofold: – cruise business operations and commercial business operations. 

The Group’s commercial port handles cargo from two distinct categories: (i) containers; and (ii) general bulk. It offers a range of complementary services in connection therewith, including stuffing and unstuffing containers, warehouse services and cargo weighing. 

The Issuer is a special purpose vehicle which has been incorporated for the purposes of this Bond Issue and does not itself carry on any trading activity other than for the purpose of funding the Group and when the demands of its business so require and is accordingly economically dependent on the Guarantor and other Group companies. 

The Group’s cruise revenues are generated through two primary service categories: 

(i) core port services: revenues are primarily derived from handling cruise ships and their passengers and crew through terminal and marine services. The Group’s customers and main counterparties are the world’s leading cruise operators. 

(ii) ancillary services: revenues are derived from a portfolio of additional services offered at each port, including vessel and port services, destination and shoreside services and area and terminal management. 

Use of Proceeds 

The aggregate proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €24,250,000, is intended to be utilised by the Issuer for the following purposes: 
(a) an amount of approximately €22,000,000 shall be on-lent by the Issuer to selected members of the Group via the Guarantor for the purposes of financing, whether in whole or in part, the Group’s investments which have already been committed under the corresponding agreements entered into in respect of the Canary Island cruise ports, including Las Palmas; the Tarragona Cruise Port; the Kalundborg Cruise Port and the Alicante Cruise Port; and 

(b) an amount of approximately €2,250,000 will be applied for general corporate funding purposes of the Group. 

How to Apply: 

This bond is available under suitability assessment by a qualified Financial Advisor.  

In order to purchase, our Financial Advisory clients can speak to their Financial Advisor at one of our four branches (Mosta, Sliema, Birkirkara and Fgura) by contacting us on +25 688 688 or [email protected] or via live chat on ww.cc.com.mt 

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

Non-nominee applications will be subject to a €25 fee. 

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 of 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.  

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) .