Shoreline Mall plc (“the Issuer”) has announced the issuance of €14,000,000 4% Secured Bonds 2026, and €26,000,000 4.5% Secured Bonds 2032, having a nominal value of €100 per Bond which shall be issued at par.
If you wish to apply for these bonds kindly contact us on +25 688 688.
The principal activity of the issuer is the acquisition and disposal and/or development and operation of the various immovable properties within and constituting the Shoreline Mall Complex to be situated at the Shoreline Mall Site at Smart City Malta, Kalkara.
Use of proceeds:
The principal activity of the issuer is concerned with the development of a shopping mall, seven luxury residential units, and a car park complex in Smart City. The Issuer is proposing a total bond issue of €40 million split into two tranches:
- Tranche A amounting to €14 million and having a term of six years, secured and paying an annual coupon of 4%
- Tranche B amounting to €26 million and having a term of twelve years, secured and paying an annual coupon of 4.5%
The proposed development will comprise a commercial component consisting of a shopping mall with a total gross area of 25,000 sqm spread over two floors, of which 14,000 sqm consists of various rental retail spaces. The project will also comprise the development of seven foreshore luxury residential units which shall be retained for resale purposes.
How to register to buy the bonds?
Orders will be accepted from the 6th July and can be submitted only through one of our Financial Advisers, since this is an advisory only issue as listed in the prospectus. Our branches are based in one of our branches (Mosta, Sliema, B’kara, Qormi, and Fgura).
The minimum subscription is of €2,000. All orders must be submitted by not later than the 31st of July, 2020 @ 1600hrs (Closing date).
Those clients who normally trade online via our CCTrader platform are informed that the issue is not available from the CCTrader platform and are kindly requested to contact our online support team on +25 688 688 or through the in-app chat, for further guidance.
The offer may close at an earlier date without prior notice as a result of over-subscription. Kindly note that non-nominee applications will be subject to a EUR 25 fee.
Calamatta Cuschieri Investment Services Ltd is acting as Sponsor, Manager & Registrar for this bond issue.
The Value of the Investments may increase as well as decrease. Past performance is not an indication of future performance. Prospective Investors are urged to read the Prospectus especially the sections entitled “Risk Factors” contained within the same document.
Calamatta Cuschieri Investment Services (CCIS) Ltd is Licensed under the Investment Services Act by the Malta Financial Services Authority