< Back to News

Farsons announce €15m bond issue

Application for a Bond Issue

At a board meeting held on 1st April 2010, the Board of Directors approved an application to the Listing Authority of the Malta Financial Services Authority requesting the approval of a prospectus for the issue of unsecured and unsubordinated bonds of an aggregate principal amount of €15,000,000 redeemable between 15th June 2017 and 15th June 2020 (the “2017-2020 Bonds”).

Application will be made to the Listing Authority for the 2017-2020 Bonds to be admitted to listing on a regulated market and to the Board of Directors of the Malta Stock Exchange (the “Exchange”) for the 2017-2020 Bonds to be admitted to the Official List.

It is envisaged that the proceeds of the aforesaid bond issue will be used to finance a Bond Exchange programme for the 6.6% SFC Bonds 2010-2012 which are due for redemption on 2nd November 2010 and for general financing requirements of the Farsons Group, including the construction of the new brewhouse.

Further detailed information on the 2017-2020 Bonds shall, subject to the necessary approvals of the Listing Authority, be available in the relevant Prospectus.

Arthur Muscat

Company Secretary

5th April 2010