BBT p.l.c. announces the issuance of 5.4% secured callable bonds

BBT p.l.c. has announced the issuance of €25,000,000 5.4% secured callable bonds redeemable in 2032 – 2036, with a nominal value of €100 per bond issued at par. 

Please find the prospectus relating to the respective bond issue.

Business overview 

BBT Group is a strategic joint venture established in 2022 by four Maltese business entities: TUM Invest, BT Group, Burmarrad Group, and the V&C Group.The Group owns and manages a diversified commercial real estate portfolio distributed across Malta and Gozo, comprising shopping centres, hotels, purpose-built business complexes, and office facilities.   

The Group’s property portfolio has an estimated value exceeding €150 million, including The Watercourse and San Gwakkin, two commercial buildings in Mrieħel; CenterParc, the shopping centre in Qormi; a prominent site in Burmarrad which is being developed into a shopping centre; as well as the Calypso Hotel in Gozo, together with other commercial and hospitality assets at various stages of planning. 

Use of proceeds 

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately twenty-four million and four hundred thousand Euro (€24,400,000), will be utilised for the following purposes, in the following amounts and order of priority: 

• the first seven million Euro (€7,000,000) of the proceeds will be used to repay the shareholder’s loan due to TUM as part consideration on the acquisition of land in Zurrieq; 

• the following fifteen million Euro (€15,000,000) of the proceeds will be used to part-finance the development and construction of the Burmarrad site; and 

• the following two million and four hundred thousand Euro (€2,400,000) of the proceeds will be used to finance general corporate funding requirements of the Group. 

How to apply 

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 app. 

Online 

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 search for the applicable instrument from the below list and specify the amount of bonds you would like to subscribe for: 

• 5.4% BBT plc Secured Callable Bonds 2032-36

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

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 calling on +356 25 688 688 or book an appointment. 

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

Calamatta Cuschieri Investment Services Limited 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). 

This is a complex instrument. 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, Birkirkara BKR 9034, Malta