Mediterranean Investments Holding Plc has announced the issuance of 30,000,000 5.25% Unsecured Bonds

Mediterranean Investments Holding Plc (“the Issuer”) has announced the issuance of 30,000,000 5.25% Unsecured Bonds redeemable in 2027 with a nominal value of €100 per bond issued at par. 

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €29,500,000, will be used by the Issuer for the redemption of part of the outstanding amount of the Maturing Bonds remaining in issue as at 6 July 2022, being the date of redemption of the Maturing Bonds as determined by the Issuer and duly notified to Maturing Bondholders. As at the date of the Prospectus, the aggregate value of Maturing Bonds in issue stands at €40,000,000. 

If you wish to enquire for this offer kindly follow the guidance below or contact us on +25 688 688 to speak to one of our qualified financial advisors. Alternatively, visit us in one of our branches at your convenience. 

Business overview 

MIH plc is a joint venture between the Corinthia Palace Hotel Company Ltd Malta and the National Real Estate Company of Kuwait and has a vison of providing the North African region with quality residential and mixed-use developments. The shareholders’ broad experience in hospitality, real estate development and retail, amongst others, is the bedrock on which the company was founded. 

The principal objects of the Issuer, which objects are limited to activities outside Malta and to such other activities as are or may be necessary for its operations from Malta, are to directly or indirectly acquire, develop and operate real estate opportunities in North Africa, including, without limitation, opportunities with respect to retail outlets, shopping malls, office and commercial buildings, residential gated compounds, housing, hotels, build-operate-transfer (BOT) agreements and other governmental projects and conference centres. 

How to apply 

Orders can be submitted through one of our Financial Advisors based in one of our four branches (Mosta, Sliema, B’kara and Fgura) subject to ensuring that an investment in the Bond is suitable or appropriate for prospective investors. 

Should you prefer to use our Moneybase Invest platform, kindly follow the instructions below: 

If you are a holder of the Maturing Bonds, enter the instrument name 5.25% MIH 2027 – Form A – Maturing Amount to exchange your Existing Bonds for New Bonds. You can also apply for Additional Bonds using the instrument 5.25% MIH 2027 – Form A – Additional Amount. 

If you are a holder of the 5.5% Mediterranean Investments Holding Plc 2023 Existing Bonds, you are eligible to apply for this offer as an Existing Bondholder.  Head over to the search bar at the top of your screen and input the instrument name 5.25% MIH 2027 – Form B. 

Click on the Buy button on the window located at the bottom of your screen. 

Next, a New Order page will appear where you’ll find details of your order, as well as the trade value. Subscriptions are subject to a minimum subscription amount of 5,000 bonds and in multiples of 100 bonds thereafter. 

All you need to do is simply hit the Place Order button at the very bottom and you’re all set. 

All orders must be submitted by not later than the 21^st June 2022 at 12:00 (Closing date). 

Non-nominee applications will be subject to a EUR 25 fee and must be accompanied by an original application form. 

A copy of the Prospectus is available here. 

The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. Investing in bonds of the Issuer may result in a loss of some or all of the capital invested. 

Prospective investors are urged to consult their Financial Advisor prior to investing in bonds of the Issuer and make an investment on the basis of the Prospectus, including the Risk Factors contained therein. Prospective investors are advised that CCIS is not required to undertake an appropriateness assessment and investors do not benefit from the corresponding protection afforded under the Conduct of Business rules. 

This advert has been 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 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.