Mediterranean Investments Holding plc announced that it will be issuing €20 million worth of unsecured bonds with a coupon rate of 5.5%, maturing in 2020.

Subject to MFSA approval to admissibility, the net proceeds from the new bonds will be used to redeem its outstanding €20 million 7.5% bonds, maturing this year. Preference will be granted to holders of the 7.5% bonds.

Further details of the new bond will be provided in the prospectus which will be availble on our website in the due course.