United Finance plc – New Bond Issue

 United Finance plc is offering to the public a €8.5 million unsecured bond with a 5.3% coupon maturing on November 6, 2023.

The net proceeds from the bond issue will be used by the Issuer to part finance the redemption of the outstanding amount of the 6.75% maturing bonds, which currently stands at €11,614,400. The redemption of the remaining balance of the maturing bonds, equivalent to €3,514,400 in the event that the bond issue is fully subscribed, or a higher amount in the event that the bond issue is not fully subscribed, shall be financed from the Issuer’s general cash flow.

The bonds are open for subscription by holders of the maturing bonds up to the nominal value of the maturing bonds held by them as at October 6, 2014 and for any bonds not taken up by existing bondholders, by authorised financial intermediaries pursuant to the intermediaries offer. Existing bondholders applying for bonds may elect to settle all or part of the amount due on the bonds applied for by the transfer to the issuer of the maturing bonds at par value, subject to a minimum holding of €2,000 in bonds. Any Existing Bondholders whose holding in the maturing bonds is less than €2,000 shall be required to pay the difference together with the submission of their application form.

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.