Central Business Centres p.l.c. announces the issuance of 5.7% Unsecured Callable Bonds maturing in 2035

Central Business Centres p.l.c. has announced the first issuance of €13,250,000 5.7% Unsecured Callable Bonds maturing in 2035, with a nominal value of €100 per bond issued and redeemable at par. 

Find out more details in the Base Prospectus and Final Terms below. 

Business Overview

Central Business Centres p.l.c. (“Issuer”) was set up on 20 June 2014. 

The principal activity of the Issuer is to hold property for investment purposes and generate returns from this property through rental agreements. The Issuer’s aim is to develop the “Central Business Centre” brand. 

In recent years, the Issuer has purchased, developed and operated various business centres. As of the date of the Prospectus: 

1. CBC Żebbuġ enjoys a 100% occupancy of available office space and car park facilities; 

2. CBC Gudja enjoys a 100% occupancy of available office space and car park facilities; 

3. CBC Mrieħel enjoys 33% occupancy of available office and car park facilities, with a further 23% contractually committed; 

4. CBC St. Julian’s enjoys 90% occupancy of available office and car park facilities; 

5. CBC Valletta-The Savoy enjoys 90% occupancy of the retail space currently available for rental, while the remaining areas are undergoing refurbishment. The occupied space represents 29% of the total area that will become available once the full project is completed. 

6. Żebbuġ Commercial Centre enjoys a 100% occupancy of proposed areas and parking facilities. 

The Issuer operates exclusively in and from Malta. 

Use of proceeds

The aggregate proceeds raised from the Bond Issue, which net of estimated expenses amounting to €270,000 are expected to amount to approximately €12,980,000 and will be used by the Issuer for the following purposes: 

• the amount of up to circa €2,970,000 will be used to repay the 2014 Existing Bonds; 

• the amount of €3,250,000 will be used for the repayment of the 2024 Notes; 

• the amount of circa €5,900,000 will be used to settle the amount payable to FXB and transaction costs relating to the acquisition of the Qormi Property; and 

• the amount of circa €860,000 will be used for general corporate funding purposes. 

How to apply:

There are no fees to apply, this includes both nominee and non-nominee (certificated) applications. 

This bond is available on an advisory basis only.  

To speak to a financial advisor please visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact our customer support on 25 688 688 or on this link.

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 marketing communication. This is a complex instrument. 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 the capital invested. Prospective investors wishing to subscribe to the bonds should make their own assessment as to the suitability of the investment after reading the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds. Prospective investors are to consult their independent financial advisor as to the suitability of investing in the bonds.