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Shoreline Mall plc (“the Issuer”) has announced the issuance of €14,000,000 4% Secured Bonds 2026, and €26,000,000 4.5% Secured Bonds 2032, having a nominal value of €100 per Bond which shall be issued at par.
If you wish to apply for these bonds kindly contact us on +25 688 688.
Business Overview:The principal activity of the issuer is the acquisition and disposal and/or development and operation of the various immovable properties within and constituting the Shoreline Mall Complex to be situated at the Shoreline Mall Site at Smart City Malta, Kalkara.
Use of proceeds:The principal activity of the issuer is concerned with the development of a shopping mall, seven luxury residential units, and a car park complex in Smart City. The Issuer is proposing a total bond issue of €40 million split into two tranches:
The proposed development will comprise a commercial component consisting of a shopping mall with a total gross area of 25,000 sqm spread over two floors, of which 14,000 sqm consists of various rental retail spaces. The project will also comprise the development of seven foreshore luxury residential units which shall be retained for resale purposes.
How to register to buy the bonds?Orders will be accepted from the 6th July and can be submitted only through one of our Financial Advisers, since this is an advisory only issue as listed in the prospectus. Our branches are based in one of our branches (Mosta, Sliema, B’kara, Qormi, and Fgura).
The minimum subscription is of €2,000. All orders must be submitted by not later than the 31st of July, 2020 @ 1600hrs (Closing date).
Those clients who normally trade online via our CCTrader platform are informed that the issue is not available from the CCTrader platform and are kindly requested to contact our online support team on +25 688 688 or through the in-app chat, for further guidance.
The offer may close at an earlier date without prior notice as a result of over-subscription. Kindly note that non-nominee applications will be subject to a EUR 25 fee.
A copy of the registration document is available here, summary document here and securities note here.
Calamatta Cuschieri Investment Services Ltd is acting as Sponsor, Manager & Registrar for this bond issue.
Disclaimer
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
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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