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Mercury Projects Finance p.l.c. has announced the issuance of €20,000,000 5.3% Secured Bonds maturing in 2034, having a nominal value of €100 per bond issued and redeemable at par.
Please find the prospectus relating to the Bond Issue here.
The principal activity of the Group is the acquisition and disposal and/or development and operation of the various properties within and constituting the Project situated in Paceville, St. Julian’s. The Project itself consists of mixed-use developments, including accommodation serviced apartment units, commercial, retail and entertainment outlets, as well as a 5-star hotel, and is complemented by an extensive underlying car parking facility.
The proceeds from the Bond Issue will be used for the following purposes, in the amounts and order of priority set out below:
(i) Refinancing of the Relevant BOV Loan: the amount of approximately €5,000,000 will be used to re-finance the outstanding Relevant Loan due by the Guarantor to Bank of Valletta p.l.c., which loan was originally principally utilised to finance part of the completion and finishing costs of the Project;
(ii) Completion and finishing costs of the Project: an amount of approximately €7,750,000 will be used to finance the remaining development (completion and finishing) costs of the Project; and
(iii) General corporate funding: the amount of approximately €7,250,000 together with any residual amounts not utilised for the purposes identified in paragraphs (i) and (ii) above, shall be utilised for general corporate funding purposes of the Group, including the expenses of the Bond Issue which are expected to amount to approximately €750,000 and which were agreed to be borne by the Guarantor.
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
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:
The minimum application amount is €5,000 and in multiples of €100 thereafter.
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 replying to this email, contacting us on 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 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).
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, Birkirkar
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Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
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