Hili Finance announces 5% unsecured bonds maturing in 2033

Hili Finance Company p.l.c. has announced the issuance of €60,000,000 5% unsecured bonds maturing in 2033, having a nominal value of €100 per bond issued and redeemable at par. 

Find out more details in the below prospectus. 

Business overview 

The Issuer is a wholly owned subsidiary of the Guarantor, save for one ordinary share held by APM Holdings Limited (C 30527). The principal object of the Issuer is to purchase or otherwise acquire, under any title whatsoever, and to hold and manage, by any title, movable and immovable property or other assets, including, but not limited to, securities and other financial interests. 

The Guarantor was established in 2012 and principally acts as the investment holding company of the Group, providing management and consultancy services. 

More specifically, the Guarantor is the holding company of a diversified group with a deep-rooted entrepreneurial heritage dating back to 1923. Through its various subsidiaries, the Group is engaged in food service & retail, real estate & hospitality, shipping, oil and gas & engineering, and technology. From its headquarters in Malta, the Guarantor, through its subsidiaries, extends its presence to 10 countries across Europe and North Africa, with a team of over 12,500 people, and steers the Group towards continued growth in selected sectors and markets. 

Use of proceeds 

The net proceeds of approximately €59,000,000 from the Bond Issue will be on-lent to the Guarantor and used, in order of priority, for the exchange and cancellation of Premier Capital Bonds; the part-financing of the Hamrun Property acquisition and the Valletta hotel development; the part-financing and/or refinancing of capital expenditure for the expansion of iSpot’s retail business in Poland; and any remaining balance for the Group’s general corporate funding purposes. 

How to apply: 

The bond offer is open to existing bondholders of the 3.75% Premier Capital 2026 bond who surrender their bonds, bondholders of Hili Finance Company plc bonds maturing in 2027, 2028, and 2029, shareholders of Hili Properties plc and Harvest Technology plc, and stakeholders of Hili Ventures (collectively, the ‘Preferred Applicants’), as well as to the general public. 

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. 

Existing bondholders of the 3.75% Premier Capital 2026 bond can apply through the Moneybase platform by looking up the securities below and specifying the amount of bonds they wish to subscribe for: 

• 5% Hili Finance unsecured 2033 FORM A – Exchange – for holders of the 2026 Bond who wish to exchange their old bonds for new bonds. 

• 5% Hili Finance unsecured 2033 FORM A – Additional – for holders of the 2026 Bond who wish to subscribe for additional new bonds beyond the exchange. 

Existing bondholders of the 2026 bonds are requested to provide a completed ‘Application Form A – Premier Capital Bondholders’ that has been provided to them. If you hold your bonds under our nominee, no form is required. 

Preferred Applicants can look up the following instrument on Moneybase and specify the amount of bonds they wish to subscribe for: 

• 5% Hili Finance unsecured 2033 FORM B – Preferred 

Preferred Applicants are requested to provide a completed ‘Application Form B – Preferred Applicants’. If you hold your bonds or shares under our nominee, no form is required. 

General applicants can look up the following instrument on Moneybase and specify the amount of bonds they wish to subscribe for: 

• 5% Hili Finance unsecured 2033 FORM C – General 

Non-nominee (certificated) general applicants must provide a completed ‘Application Form C – General Public’.  

The minimum application amount is €3,000 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), contact us via email on [email protected], or call our customer support on +356 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 Ltd 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). 

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.