New bond issue by CPHCL Finance plc 

CPHCL Finance plc has announced the issuance of €45,000,000 5.35% Unsecured Bonds maturing in 2035, with a nominal value of €100 per bond issued and redeemable at par. 

Further information is available in the offering document below. 

Business Overview 

The Guarantor, previously known as Corinthia Palace Hotel Company Limited, was established in 1966 and is the parent company of the Group and is principally engaged, directly or through subsidiaries and/or associated entities, in investments that are predominantly focused on the ownership, development and operation of mixed-use real estate developments that consist principally of hotels, residences, offices, retail areas, industrial and event catering, as well as joint ventures in Malta and in various countries overseas. 

Use of Proceeds 

The net proceeds from the Bond Issue will be used by the Issuer for the following purposes and in the following amounts: 

1. An amount of €40,000,000 will be used by the Issuer for the purpose of purchasing 2016 Bonds from 2016 Bondholders, for cancellation, by way of Exchangeable Bond Transfer, and for the purpose of redeeming any Exchangeable Bonds remaining in issue as at 12 April 2026, being the date of redemption of the 2016 Bonds (as at the date of the Prospectus the total value of Exchangeable Bonds in issue stands at €40,000,000); and 

2. The remaining balance of €4,187,500 will be used for the financing of existing and prospective capital expenditure projects to be undertaken by the Group from time to time.  

In the event that the Bond Issue is not fully subscribed, the Issuer will proceed with the listing of the amount of Bonds subscribed for, and the proceeds from the Bond Issue shall be applied in the manner and order of priority set out in (i) and (ii) above. The balance required to complete the redemption of the remaining 2016 Bonds on 12 April 2026 will be raised by the Group from its own funds. 

How to Apply: 

The bond will be available to both Existing holders of the 4.25% CPHCL Finance Plc 2026 bonds and to the general public through an Intermediaries Offer. 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: 

If you want to exchange your old bonds for new bonds – 5.35% CPHCL Finance plc unsecured 2035 Exchange 

If you want to subscribe to more of the new bonds in addition to exchanging all your old bonds – 5.35% CPHCL Finance plc unsecured 2035 Top Up 

If you do not hold the old bond and want to participate through the Intermediaries Offer – 5.35% CPHCL Finance plc unsecured 2035 IO  

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

Advisory 

Financial Advisory clients who wish to raise their orders through their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema, and Fgura) or contact us on [email protected] or 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). 

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.