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gozotoday | FRIDAY • 6 DECEMBER 2024
NEWS
Excel Finance p.l.c. announces €50 million secured bond issue
EXCEL Finance p.l.c. today announced
the launch of a €50 million secured bond
issue with an annual interest rate of 5.4%,
maturing in 2031.
The bonds will be secured by a first rank-
ing special hypothec over Q Hub in Qormi
and various residential properties owned
by group companies.
The bonds, which have a nominal value of
€100 per bond, will be guaranteed by Excel
Investments Holdings Limited.
The minimum subscription amount is
€5,000, and the offer period will run from
December 4 to December 20, 2024.
The proceeds from the bond issue will be
primarily used to:
• Refinance approximately €25 million in
existing bank loans
• Fund approximately €8 million in devel-
opment costs for ongoing real estate pro-
jects
• Provide approximately €16.1 million for
general corporate funding purposes
The Excel group board of directors high-
lighted the fact that the bond issue repre-
sents an important milestone for the ex-
pansion of the property development and
rental operations. The funds raised will be
utilised to enhance financial structuring
and drive the growth strategy.
Calamatta Cuschieri Investment Services
Limited and Bank of Valletta p.l.c. are act-
ing as Sponsor & Co-Manager and Regis-
trar & Co-Manager respectively.
Interested investors can subscribe through
any of the authorised financial intermediar-
ies. The full prospectus is available on the
company's website at www.excel-group.eu.
