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Burmarrad Group Assets p.l.c. (the “Issuer”) has announced the issuance of €16,000,000 5.85% Secured Bonds maturing in 2034, having a nominal value of €100 per bond issued and redeemable at par (the “Bond Issue”).
A copy of the prospectus issued by the Issuer dated 28 March 2024 relating to the Bond Issue (the “Prospectus”) can be found here.
Business Overview
The Burmarrad Group has its origins in a family business established in 1984 by Mario Gauci Snr., initially acting as an importer for used commercial vehicles. Since then, the business has grown into a large local supplier of new and used vans, trucks, special-purpose vehicles, cars, warehouse equipment and industrial machinery. The Burmarrad Group’s business activities comprise the importation, acquisition, sale and distribution of new and used private and commercial vehicles, the import of industrial machinery and special purpose vehicles and the vehicle rental and leasing of private, commercial and industrial vehicles, with a fleet of over 1,000 vehicles. The Burmarrad Group currently supplies motor fleets for a number of major local businesses, together with all the related support services. It also has property-related investments, namely as an investor in a substantial rental properties associated company with a number of other third-party investors, as well as a number of directly held properties, the Group Properties.
Use of Proceeds
The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to €15,400,000, shall be used for the following purposes, in the amounts and order of priority set out below:
If you are interested in participating in this 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.
How to Apply:
Online
Our Moneybase clients who wish to apply online, kindly fund your account so as to be able to raise the order easily. Moneybase is available as an app on both Android and IOS app stores and on the web.
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) or contact us by replying to this email, contacting us on +356 25 688 688 or via live chat on www.cc.com.mt
If you need assistance our ISO-certified customer care team is available to assist 7 days a week.
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 research before making any investment decisions and should consider whether they fully understand the features of the investment and the potential risks and rewards associated with it and should seek the assistance of a financial advisor if in doubt. Non-advisory investors are advised that where an appropriateness assessment is not required, they 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. Calamatta Cuschieri Investment Services Limited, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.
Disclaimer
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
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