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Calamatta Cuschieri Finance plc 4.25% Unsecured Callable Bonds 2024-2026 – NOW CLOSED

CCbondissue

NOW CLOSED DUE TO OVER SUBSCRIPTION

Calamatta Cuschieri Finance P.L.C. has announced the issuance of €4,000,000 4.25% Unsecured Bonds callable between 2024-2026 with a nominal value of €100 per Bond to be issued at par.

If you are interested in applying for these bonds kindly follow the guidance at the bottom of this news article or contact us on +25 688 688 or [email protected] or via live chat on ww.cc.com.mt for more information.

Prospective investors are to note that the minimum order size for this issue has been set at €20,000.

BUSINESS OVERVIEW:

Calamatta Cuschieri is one of Malta’s largest financial services firms that pioneered the local industry as early as 1972. Today the Group offers an extensive range of services including Financial Advisory Services (investments, life insurance, pensions), Online Trading, Wealth & Fund Management, Fund Administration and Capital Markets.

COMPANY OVERVIEW:

The Issuer was set up to act as a financing and holding company of the CC Finance Group and, as such, it is dependent on the business prospects and operating results of the entities within the CC Finance Group.

The operations of CC Finance Group currently include the activities listed below:

Investment services – Through a network of six (6) branches across Malta, CC Finance Group provides financial advisory (investments, life insurance, pensions) and execution services to over thirty thousand (30,000) clients.

Online Trading – This service provides access to clients to buy and sell a large number of equities, bonds, funds and ETFs live through the platform accessible via www.cctrader.com.

Capital Markets – Provision of advice and assistance to companies seeking to raise finance via debt or equity issuance on the Malta Stock Exchange.

Fund Services – Providing fund administration, transfer agency and related corporate services to all types of fund structures, including Professional Investor, Alternative Investment, private equity and UCITS funds.

Wealth & Fund Management – Providing investment management services to UCITS funds, pension schemes, CC Funds, Managed Fund Portfolios and Discretionary Managed Portfolios.

USE OF PROCEEDS:

The proceeds from the Bond Issue, which net of expenses are expected to amount to approximately €3,970,000, are projected to be used as follows:

  • €1,250,000 will be used to partially settle amounts due in respect of the acquisition of subsidiaries, namely Calamatta Cuschieri Investment Services Limited, Calamatta Cuschieri Investment Management Limited and CC Fund Services (Malta) Limited;
  • €961,000 will be used to refinance existing bank facilities;
  • €659,000 will be used to settle outstanding amounts due in respect of the acquisition of Crystal Finance Investments Limited; and
  • €1,100,000 will be retained within the CC Finance Group as working capital

 

HOW TO REGISTER TO BUY BONDS?

Orders are now being accepted and must be submitted by not later than the 17th of May 2019. The offer may close at an earlier date without prior notice in case of over-subscription.

Prospective investors are to note that the minimum order size for this issue has been set at €20,000.  Due to the specific nature of this bond issue, strict eligibility criteria have been set. This means that not all prospective bondholders may be eligible for participation.

A copy of the Company Admission Document is available HERE.  Investors are strongly advised to carefully read the risk factors in the Company Admission Document.

For more information about this bond issue visit: https://investors.cc.com.mt/

For more information on whether you are eligible for this issue, kindly reach out to your Financial Advisor as soon as possible or contact our support team now on +356 25 688 688, via email on [email protected], or via live chat on www.cc.com.mt.

IMPORTANT INFORMATION

Calamatta Cuschieri Investment Services Ltd is acting as Placement Agent and Manager for this bond issue.

Application has been made to the exchange for the bonds to be admitted to trading on prospects MTF. Prospects is a market designed primarily for emerging and smaller companies to which a higher investment risk tends to be attached. Prospects MTF securities are not admitted to the official list of the Malta stock exchange.  Securities admitted to the Prospects MTF are issued by small and medium-sized enterprises (SME’s).  Investment in smaller companies can involve greater risk than is generally associated with investment in larger, more established companies, increasing issuer default risk and can result in significant capital losses.  Securities issued by SMEs tend to be illiquid.   The illiquidity factor increases the risk for investors and when funds are needed, there might not be a market to sell to liquidate position.  An investor should limit the exposure to securities on Prospects.  Prospective investors are to read the Company Admission Document prior to taking any investment decisions.  Important information about the Issuer and related associated risks are detailed in the Company Admission Document

Calamatta Cuschieri Investment Services Ltd, (CCIS) a licensed investment firm, cannot provide financial advice to buy or sell this bond, at Initial Offering stage and secondary market thereafter, due to the inevitable conflict of interest that exists between the Distributor (CCIS) and the Issuer (CCF), both part of CC Group.

Investors are warned herewith that a suitability assessment in line with their individual circumstances will not be carried out by “Distributors” affiliated with the Issuer, mainly Calamatta Cuschieri Investment Services Ltd (CCIS).  Clients seeking financial advice on this Issue should contact an independent financial adviser outside the CC Group. This means that staff at CCIS will be simply handling/processing the initial subscription, or transmission of order to buy and subsequently to sell, without assessing if the bond in question is deemed to be proper for you as a client in line with your financial and individual needs. CCIS being affiliated with the Issuer, will be in a biased position throughout the life time of the bond to provide a financial opinion on the Issuer.