Camilleri Finance p.l.c. has announced the issuance of €15,000,000 6.25% Unsecured Bonds maturing in 2034

Camilleri Finance p.l.c. (the “Issuer”) has announced the issuance of €15,000,000 6.25% Unsecured Bonds maturing in 2034, having a nominal value of €100 per bond issued and redeemable at par (the “Bond Issue”). 

A copy of the prospectus issued by the Issuer dated 19 December 2023 relating to the Bond Issue (the “Prospectus”) can be found here. 

Capitalised terms not defined herein shall bear the meaning indicated in the Prospectus. 

Business Overview 

The Camilleri Group, which consists of the Issuer, Camilleri Holdings Limited (the “Guarantor”), and its subsidiaries, draws its origin from 1843, when it opened a confectionery shop in the heart of Valletta, Malta. For many years, the Camilleri Group was associated exclusively with the confectionery business in Malta, as a wholesaler and retailer, renowned as “Camilleri tal-Ħelu”.Since then, the core business activities of the Camilleri Group have expanded and are now organised into the following categories:  

• Immovable property; 
• Property management operations; 
• Fashion brand operations; 
• Catering operations; and 
• Confectionary operations. 

Use of Proceeds 

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €14,500,000, will be utilised for the following purposes, in the following amounts and order of priority:  

1. an amount of circa €4,200,000 of the Bond Issue net proceeds will be used by the Issuer for the redemption of the outstanding amount of 2017 Orion Prospects Bonds remaining in issue as at or about 23 February 2024, being the expected date of redemption of the 2017 Orion Prospects Bonds as determined by the Issuer and duly notified to Existing Orion Prospects Bondholders;  

2. an amount of circa €3,200,000 of the Bond Issue net proceeds will be used for the purpose of making the Group Facilities Repayment resulting in the repayment of part of the Group Facilities and the partial release of the Current Encumbrances on the Properties, as described in sub-section 5.7 of the Registration Document;  

3. an amount of circa €2,150,000 of the Bond Issue net proceeds will be used for the Refurbishment Expenses, as described in sub-section 5.8 of the Registration Document; and 

4. an amount of circa €4,950,000 will be applied for general corporate funding purposes of the Group. 

How to Apply: 

Our Moneybase Invest clients can apply online whilst 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 www.cc.com.mt. 

Should you prefer to apply through our Moneybase Invest platform, kindly look up 6.25% Camilleri Finance 2034 – New Bonds and specify the amount of bonds for which you would like to subscribe. 

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

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

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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 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. Non-advisory investors are advised that where an appropriateness assessment is not required, they 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, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370.  Calamatta Cuschieri Investment Services Limited, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.