IG Industries p.l.c. announces 5.75% unsecured callable bonds

IG Industries p.l.c. has announced the issuance of €10,800,000 5.75% unsecured callable bonds redeemable in 2031 – 2036, with a nominal value of €100 per bond issued at par.

Read more information about this bond issue in the prospectus below.

Business overview 

The Group’s core business activities are diversified across manufacturing, distribution, and logistics.  

Key operations include the manufacture of specialized electronic packaging for the semiconductor industry through Elepac Limited, and the distribution of electrical, building, and industrial packaging materials via Eurosupplies Limited.  

Additionally, the Group provides integrated third-party logistics and supply chain management solutions through Meritlink Limited and Eurosupplies. As part of its growth strategy, the Group is currently undertaking an investment program to modernize infrastructure and expand production capacity for its electronic packaging product line. 

Use of proceeds 

The proceeds from the bond issue, which are expected to amount to approximately €10,530,000 after expenses, will be used by IG Industries Plc for several key strategic and financial purposes. 

The primary allocation of these funds is dedicated to restructuring the group’s debt and consolidating its corporate ownership. 

The net proceeds will be utilized in the following order of priority: 

• Redemption of existing bonds: Circa €3,700,000 will be used by IG Finance plc to redeem its outstanding 5.5% bonds and pay related interest. 

• Capital investment program: Circa €1,200,000 will part-finance Elepac Limited’s expansionary investment program, which includes modernizing infrastructure and expanding production capacity. 

• Acquisition of shares: About €2,000,000 will be used to part-finance the acquisition of the 50% stake held by KMN Plc in Impresa Limited. 

• General corporate funding: The remaining €430,000 is earmarked for the general corporate funding purposes of the Group. 

• Refinancing bank debt: Approximately €3,200,000 will be allocated to Elepac Limited to refinance the remaining balance of a bank facility used for the construction of the Hal Far factory and the acquisition of machinery. 

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), contact our customer support on 25 688 688 or set an appointment. 

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 complex instrument. 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.