AX Investments plc – New Bond Issue

AX Investments plc announced that the Board of Directors has submitted an application to the Listing Authority of the Malta Financial Services Authority requesting the admissibility to listing of EUR 40 million in bonds redeemable in 2024.

Subject to the Listing Authority granting its approval to admissibility to listing of the new bonds on the official list of the Malta Stock Exchange and subject to their effective admission, the net proceeds from the new bonds will be used by the AX group to develop a retirement complex in Naxxar, for general corporate funding purposes and to finance the redemption of EUR 11.6 million 6.7% AX Investments plc bonds 2014-2016 which will be redeemed early on December 15, 2014 in accordance with the prospectus dated November 28, 2006.

The company will be granting holders of the 6.7% AX Investments plc bonds 2014-2016 preference to subscribe to the new bonds by surrendering the maturing bonds.

The new bonds will have a nominal value of EUR 100 and will be issued at EUR 100 per bonds. They will be guaranteed by AX Holdings Limited. 

To view the official company announcement, click here.