Issue link: https://maltatoday.uberflip.com/i/1282640
27.08.2020 4 NEWS CABLENET Communications Systems plc, a subsidiary in which GO holds a 60.26% share, is the first foreign regis- tered company to have issued €40 mil- lion worth of bonds locally which were listed on the Official List of the Malta Stock Exchange on the 21st August 2020. e bonds were distributed amongst a number of intermediaries and GO shareholders and employees. Cablen- et entered into a pre-allocation agree- ment with a number of local financial intermediaries, whereby an aggregate amount of €32 million worth of bonds were allocated. A further €8 million were reserved for GO shareholders and employees. e offer to GO shareholders and employ- ees was oversubscribed by over €2.9 million "It has been a remarkable experience, particularly given the current circum- stances and the challenges brought about by the global pandemic," said Nikhil Patil, CEO at GO plc. "Once again, the Maltese market has shown its full confidence in us, our sub- sidiaries and our vision. I am very grate- ful, in particular to the team made up of legal and financial experts from Mal- ta and Cyprus who worked round the clock, in extraordinary times, to make this another successful process," he con- tinued. Commenting on the process, Yiannos Michaelidis, CEO at Cablenet said, "We are very proud to be the first company that has successfully completed a bond process and be listed on the Malta Stock Exchange. e overwhelming response to our of- fering is testament to the mutual trust between the Maltese and Cypriot mar- kets. is certainly gives us the confidence to move forward with our ambitious work programme that is set to see us through our next phases of growth to bring additional value to our customers and shareholders." Cablenet's network currently covers approximately 55% of households in Cyprus and offers super-fast broad- band, multiple high definition TV chan- nels and fixed telephony from a single connection. Coverage is being extended as part of a multi-year programme, which also includes ongoing improvements in sys- tems and processes to retain the leading edge in the provision of converged tele- com services in the market. Most recently, Cablenet purchased its own mobile spectrum allowing it to commence the operation of its own mo- bile network. e Company intends to leverage this transition to significantly enhance its market position in the mobile services market in the coming years, whilst at the same time reinforcing its position as a dominant broadband provider. is bond offering is expected to sup- port further growth for Cablenet in the coming years. GO subsidiary in Cyprus is first foreign registered company to issue and list bonds locally THE Von der Heyden Group, a private investment and real estate firm active in real estate developments and invest- ments, asset management and hospi- tality operations around Europe, has launched a Real Estate arm in Costa Smeralda, Sardinia. In over 30 years, the Von der Heyden Group has recorded investment pro- grammes, real estate assets, impending acquisitions and developments across more than 20 locations around the globe. Von der Heyden Group Real Estate will be included as another platform in the Group's international investment portfolio and will provide a specialist perspective and bespoke brokerage ser- vice in the real estate market to buyers and property owners. e new business will also deliver rental, concierge servic- es and property management. Commenting on the Von der Heyden Group's new pillar of business, Sven von der Heyden said that, as the real estate industry continues to evolve, the com- pany remained committed to working with local expertise. "It is in the interest of the Von der Heyden Group as a dynamic interna- tional investment company specialis- ing in quality Real Estate to continue to grow and develop our investment port- folio," he said. "e Von der Heyden Group's enter- prising real estate investments and de- velopments, its award winning 11-hotel franchise and A-Class building prop- erty management expertise combined with its in-depth knowledge of the area, will offer a unique competitive edge for potential investors and experiential hol- iday makers". e Von der Heyden Group made international headlines on real estate news with the sale of the Blue Tower, forming part of Bavaria Towers one of Munich's largest development projects, as well as the opening of new offices in Ukraine to establish multi-million com- mercial and residential property invest- ments in Kyiv and Lviv. Von der Heyden Group Real Estate has opened its head quarter offices with Partner and Managing Director Marco Solas in Costa Smeralda, having exten- sive experience in the field of real estate and a lifetime of knowledge of Sardinia as an exclusive property location. Wal- ter Martini, an expert in the field of lux- ury rentals with extensive experience in hospitality joins the team as rental su- pervisor. Von der Heyden Real Estate has launched over 70 properties in its Cos- ta Smeralda 2020 collection, featured in its experiential website www.vdhreales- tate.com. Featuring in its first season is an exclu- sive sea view property, Villa Contissa, located in a prime location on the hills of Miata, overlooking Sardinia's open sea and the archipelago of La Madde- lena. Von der Heyden Group launches real estate services in Sardinia