Eden Finance plc – Early redemption of 2010 Bond and new Issue

The Company announced that the Board of Directors, have submitted an application to the Listing Authority of the Malta Financial Services Authority requesting the admissibility to listing of €35,000,000 Eden Finance p.l.c. Unsecured Bonds 2027 (the “New Bond Issue”). Application has also been made for the New Bond Issue to be listed and traded on the Malta Stock Exchange.

Subject to regulatory approval of the New Bond Issue, the Issuer has resolved to redeem the 6.6% Bonds 2017-2020 (MT0000141219) on 16 June 2017, this being the first early redemption date provided for in the prospectus issued by the Issuer on 10 May 2010.

The Issuer will be granting preference to holders of Exchangeable Bonds to subscribe to the New Bond Issue by surrendering the corresponding nominal value of Exchangeable Bonds. Holders of Exchangeable Bonds shall also have preference to subscribe for such additional bonds to be issued pursuant to the New Bond Issue.

It is announced that the Cut-Off Date for eligibility is 27 March 2017 with the last applicable trading date being 23 March 2017. Trading in the Exchangeable Bonds shall be suspended as from 24 March 2017 until further notice. Further information on the New Bond Issue, including the coupon rate, will be available after the issue of the necessary approval by the Listing Authority.

To view the full announcement, click here.