New Bond Issue 5.25% Bonnici Bros. Properties plc Unsecured Bonds 2033

Bonnici Bros. Properties p.l.c. (the “Issuer”) has announced the issuance of €12,000,000 5.25% Unsecured Bonds maturing in 2033, having a nominal value of €100 per bond issued and redeemable at par.  

Bonnici Bros will be tapping the market with an overall bond issuance program of €16,000,000 as stated in the prospectus.  

The Base Prospectus can be accessed HERE 

The Final Terms can be accessed HERE 

In 2018, the Bonnici Group, as defined in the Base Prospectus, took the strategic decision to transfer all its immovable property out of the Bonnici Group to a separate company, the Issuer, owned by the same ultimate shareholders. The objective of asset restructuring of the immovable property outside the Bonnici Group was to maximise the proper economic and investment diversification in order to expand the real estate sector through long-term strategies. 

The Issuer has a diversified property portfolio which allows it to maximise its returns from a number of different sectors, which include the industrial, construction, hospitality, residential and academic sectors. 

Use of Proceeds 

The principal purpose of the Bonds is to diversify the property portfolio and income stream of the Issuer.  

The net proceeds from the Bonds, which net of expenses are expected to amount to approximately €11,850,000, will be utilised for the following purposes; 

1. The amount of circa €1,200,000 will be used to repay a pending loan amount with APS Bank p.l.c. for the acquisition of the three Mercury Suites and a further €75,000 will be used for the furnishing of the said apartments; 

2. The amount of circa €387,992 will be used to settle a pending payment to BBSL for the provision of works on the Ta’ Habel Mica property and circa €3,288,928 will be utilized for the payment of works on the construction of warehouse and storage facilities on the Ta’ Habel Mica property required for the completion of the warehouse; 

3. The amount of circa €469,453 will be used to repay a pending loan amount with Bank of Valletta for the acquisition of the Sqaq Nru. 2 Quarry and a further circa €157,500 will be used for pending payments amounts to third parties in relation to the said purchase price; 

4. The amount of circa €1,470,000 will be used to repay a pending loan amount with Bank of Valletta p.l.c. and a further circa €705,720will be used to repay third parties for the acquisition of the Sliema Property; 

5. The amount of circa €1,865,100 will be used to pay the purchase price of the Floriana Property in terms of the promise of sale agreement; and 

6. The remaining balance of net Bond Issue proceeds in an amount of circa €2,231,027 will be used for the general corporate funding purposes of the Issuer. 

How to Apply: 

Online
Should you wish to apply online you can do so easily via our Moneybase Invest platform which is available as an app on both Android and IOS stores and also on the web https://live.moneybase.com. Simply log in and search for 5.25% Bonnici Bros. Properties 2033 and follow instructions accordingly. If you need assistance our ISO-certified customer care team is available to assist 7 days a week.

Advisory
Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can visit one of our four branches (Birkirkara, Mosta, Sliema and Fgura) or contact us by replying to this email, contacting us on +356 25 688 688 or via live chat on www.cc.com.mt

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

Non-nominee applications will be subject to a €25 fee. 

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 of 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.  

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.