Premier Capital Plc – Issue of €37m 4.5% Unsecured Bonds 2025 by Hili Properties plc PRC66

Premier Capital plc issued the following Company Announcement, pursuant to the Malta Financial Services Authority Listing Rules:

Issue of €37,000,000 4.5% Unsecured Bonds 2025 by Hili Properties plc

The Listing Authority of the Malta Financial Services Authority has granted its approval for the issue by Hili Properties plc of an aggregate principal amount of €37,000,000 4.5% Unsecured Bonds due 2025, with a nominal value of €100 per bond to be issued at par, in terms of a prospectus dated 18th September 2015. The bond issue in question is guaranteed by Harbour (APM) Investments Limited and Hili Estates Limited.

An aggregate amount of Bonds amounting to €16,000,000 is being reserved for subscription by holders of the 6.8% Premier Capital plc 2017 – 2020 Bonds and of the 5.1% PTL Holdings plc 2024 Bonds who appear on the respective registers on close of business on 11th September 2015, that is up to and including trading activity on 9th September 2015.

Hili Ventures Group Bondholders may apply for the Bonds and be considered in the application of these Bonds, and will be subject to such allocation policy as disclosed in the Prospectus. In the event that subscriptions by Hili Ventures Group Bondholders exceed the reserved portion of €16,000,000, the unsatisfied excess amount will be considered for allocation purposes with application submitted by the general public, without priority or preference.

Hili Ventures Group Bondholders wishing to avail themselves of this opportunity are to complete a pre-printed Application Form ‘B’ as set out in the Prospectus.

To view the official Company Announcement, click here.