Hal Mann Vella Group plc – New Bond Issue

Hal Mann Vella Group plc is offering to the public a €30 million secured bond with a 5% coupon maturing on November 6, 2024.

The net proceeds of the bond will principally be used to refinance bank borrowings, to fund the complete modernisation of the Hal Mann Vella factory, to fund investments in new plant and machinery and to cover costs of construction and development of a mixed used commercial property in Pantar Street, Lija consisting of a three floor building above street level occupying a footprint of circa 3,600 square meters. Any remaining balance will be used for general corporate funding purposes and further reducing the corporate indebtedness of the Group.  

For more information contact us by e-mail on [email protected] or call one of our offices in Hamrun, Valletta, Ta' Xbiex, St Paul's Bay and Birkirkara on freephone 80072206. Interested clients should refer to the Prospectus dated October 6, 2014 which may be obtained from our office in hard copy or electronically by e-mail on request or by viewing on our website www.jesmondmizzi.com.