New Issue 5.8% Agora Estates p.l.c. Secured Bonds 2036

Agora Estates p.l.c. (the “Issuer”) has announced the issuance of €12,000,000 5.8% Secured Bonds redeemable in 2036, having a nominal value of €100 per bond issued and redeemable at par (the “Bond Issue”). 

If you wish to apply for these bonds, see the information at the bottom of this article or contact us on 25 688 888. 

The prospectus published by the Issuer dated 9^th February 2024 for the purpose of this Bond Issue (the “Prospectus”) can be found here. 

Please refer to the Prospectus for the definition of capitalised terms used herein

Business Overview 

The principal activity of the Group is to identify, acquire and develop immovable property, whether residential or commercial. The primary objective is to hold an investment property portfolio for rental investment and capital appreciation, whilst also developing property for resale. 

Commercial property held in the portfolio mainly comprises retail outlets in the lower floors and office spaces on the upper floors.  These are normally rented out to third parties.   

As at 30 June 2023, property held on inventory comprises apartments and a penthouse at Iklin and an apartment and garage in Siggiewi which has since then been sold in October 2023. 

Use of Proceeds 

 The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €11,485,000, will be used for the following purposes:  

A. the amount of up to €3,000,000 shall be granted on loan by the Issuer to Zammit Estates pursuant to the Loan Agreement which shall be used by Zammit Estates to settle the BOV Facility. This sum shall be equal to the amount outstanding and due pursuant to the BOV Facility as at the date of repayment of the BOV Facility (the ‘BOV Repayment’); 

B. the amount of up to €2,200,000 shall be granted on loan by the Issuer to Zammit Estates pursuant to the Loan Agreement which shall be used by Zammit Estates to settle MeDirect Facilities 1. This sum shall be equal to the amount outstanding and due pursuant to MeDirect Facilities 1 as at the date of repayment of MeDirect Facilities 1 (the “MeDirect 1 Payment”); 

C. the amount of up to €3,380,000 shall be used to settle the Private Debt; 

D. the amount of up to €500,000 which shall be granted on loan by the Issuer to Zammit Estates pursuant to the Loan Agreement shall be used by Zammit Estates to cover the refurbishment expenses for the Agora Retail Centre; 

E. the balance amounting to approximately €2,405,000 shall be used by the Issuer as general corporate funding for the Group. 

If you are interested to participate in this 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.

• 5.8% Agora Estates Plc 2036 – Tranche 1 General 

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

 Non-nominee applications must be accompanied by an original application form.

How to Apply: 

Online

Our Moneybase Invest clients who wish to apply online, kindly fund your account so as to be able to raise the order easily via Moneybase. Moneybase Invest is available as an app on both Android and IOS app stores and on the web.

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 replying to this email, contacting us on +356 25 688 688 or via live chat on www.cc.com.mt 

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

Disclaimer

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 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.  

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).