Finestday Malta p.l.c. announces 5.5% Secured Bonds maturing in 2036 

Finestday Malta p.l.c. has announced the issuance of €25,000,000 5.5% Secured Bonds redeemable in 2036, having a nominal value of €100 per bond issued and redeemable at par.

Business Overview 

Finestday Malta p.l.c. serves as a special purpose finance vehicle for its group, which focuses on the hospitality and tourism industry in the United Kingdom. The Issuer does not carry out trading activities itself but is economically dependent on the performance of its subsidiaries, primarily its parent company and guarantor, Projectco 2024 Limited. The Group’s principal revenue-generating assets are located in Manchester, UK, specifically the Stock Exchange Hotel and the adjacent Norfolk House Building. 

The flagship asset, the Stock Exchange Hotel, is a high-end luxury hotel operated as an “Autograph Collection Hotel” under a franchise agreement with the Marriott group. The hotel’s daily operations are managed by TROO Hospitality. The Group is currently expanding its footprint in Manchester by redeveloping Norfolk House, an office building situated directly opposite the existing hotel, to integrate it into the Stock Exchange Hotel operations. 

Use of Proceeds 

The aggregate proceeds from the €25,000,000 Bond Issue are expected to result in net proceeds of approximately €24,400,000.  The Issuer intends to advance these funds to other Group entities, specifically Finestday UK, through intra-group loan facilities. 

The net proceeds are earmarked for the following primary purposes: 

• Redevelopment Financing (€18.74 million): The majority of the funds will be used to finance the conversion and redevelopment of the Norfolk House Building into additional hotel suites that will form part of the Stock Exchange Hotel complex. 

• General Corporate Funding (€5.66 million): The remaining proceeds will be allocated toward general corporate purposes, providing the Group with liquidity for ongoing administrative and operational requirements.  

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

• 5.5% Finestday Malta plc Secured 2036

The minimum application amount is €2,000 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 calling our customer support on 25 688 688. 

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). 

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 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.