HH Finance p.l.c. announces 5.2% Secured Bonds maturing in 2035

HH Finance p.l.c. has announced the issuance of €27,000,000 5.2% Secured Bonds maturing in 2035, with a nominal value of €100 per bond issued and redeemable at par. 

Please find the prospectus relating to the respective bond issue here. 

Business Overview

The Lifetime Group has its origins in a Paceville entertainment property and operations business established in the 1990s by the late Hugo Chetcuti who was later succeeded by his son Luke Chetcuti. The business continued to develop over the years with a preference for exposure in the hospitality and entertainment (including food and beverage) sectors, which development has also seen the establishment and increased awareness of the Hugo’s brand allowing also successful licensing and franchising thereof and of the outlets operating under the same. The Group owns various property outlets in the heart of Malta’s entertainment hub, Paceville in Saint Julians, which it rents out to the Operational Companies and third parties.  

Apart from the Issuer’s activity of acting as the finance arm of the Group, the Issuer Group currently holds the following major assets and is involved in the following business activities and sectors: 

i)  ownership of the H Hotel and of the All Round Properties, for long-term investment and for rental; 

ii)  ownership, development, protection and licensing of the Group IP Assets to the Operational Companies. 

The Issuer’s and the Issuer Group’s main objectives are to manage its assets to maximise long-term capital growth and return on its investments and facilitate further growth within the overall Lifetime Group. 

Use of proceeds

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €26.46m shall be used by the Issuer for the following purposes: 

• Exchange of Existing Prospects MTF Bonds into the proposed Bonds 

• Redemption of Existing Prospects MTF Bonds which are not exchanged into Bonds 

• Payment of part of the consideration due in respect of the acquisition of All Round Entertainment Ind. Ltd 

• General corporate funding 

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 platform. 

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: 

• 5.2% HH FINANCE 2035 Exchange
  If you are a holder of the Existing Prospects MTF Bonds and want to exchange your old bonds for new bonds. 

• 5.2% HH FINANCE 2035 Top Up
  If you are a holder of the Existing Prospects MTF Bonds and want to subscribe for more of the new bonds in addition to exchanging all your old bonds. 

• 5.2% HH FINANCE 2035 General
  If you are not a holder of the Existing Prospects MTF Bonds 

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

Non-nominee applications must be accompanied by an original application form.

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 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). 

This is a marketing communication. 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 or appropriateness of investing in the bonds. Prospective investors are advised that where an appropriateness assessment is not required investors do not benefit from the corresponding protection afforded under the Conduct of Business Rules.