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NEW ISSUE – 7% Grand Harbour Marina 2020


Grand Harbour Marina plc (GHM) has just announced a new €10 million bond issue which is subject to an over-allotment option of €2 million. The bonds will be issued at par (€100) and will be redeemable in 2020 with an early redemption option between 25 February 2017 and 25 February 2020. Grand Harbour Marina plc shareholders as well as holders of a berth licence within the Marina will be treated as Preferred Applicants.

Bond Details

Coupon   7%
Issue Price  100 (Par)
Size of Issue  € 10 million & €2 million oversubscription option
Interest Payment Dates     25th February & 25th August
Maturity date  25th February 2020
Call option  Anytime between 25th Febraury 2017 & 25th February 2020

 

 

 

 

 

Time Table

Preferred applicants opening 8th Febraury 2010
Preplacement opening 8th February 2010
General public opening 11th February 2010

 

 

 

Minimum application for bonds

Preferred Applicants € 2,000
Preplacement € 10,000
General Offer € 2,000

 

 

 

GHM intends to use the proceeds of the bond issue to:

  • Repay the company’s current loan term facility.
  • Increase waterside and landside investments
  • Invest in other marinas in conjunction with its major shareholder Camper & Nicholsons.

Download Application Form

Download Prospectus

Download Memorandum

More information about GHM is available on www.ghm.com.mt as well as on www.cnmarinas.com

For advice on whether this bond issue is suitable for inclusion in your investment portfolio please contact on of our investment advisors on 25 688 688 or send us an email on [email protected]