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Burmarrad Group Assets p.l.c.

Burmarrad Group Assets p.l.c. 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 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. 

More info about this bond issue on this link.