Hili Finance Company plc €80 Million Bond Issue approved

Hili Finance Company plc has received MFSA approval of a five-year €80 million bond issue to be listed on the Official List of the Malta Stock Exchange.

The bonds, guaranteed by Hili Ventures Limited, will bear an annual interest rate of 5%, starting from July 17, 2024. The bonds will be available for subscription by all categories of investors including the general public and will be issued at a nominal value of €100 each, with a minimum investment of €3,000.

Bondholders of 1923 Investments plc will be given the opportunity to transfer all or part of their bonds in exchange for the new bonds being issued by Hili Finance Company plc. Moreover, holders of other Hili Ventures group securities will also be given preferential access to subscribe.

Apart from the reserved allocation for existing 1923 Investments bondholders, the proceeds of the issue will be utilised to part-repay capital investments made for the acquisition of Cortland Sp. Z o.o. by iSpot Poland Sp. Z o.o. and the investment in Tigne Mall plc by Marsamxett Properties Limited, which took place in 2023.

“We are excited to offer this investment opportunity to our stakeholders and the general public. This bond issue is a crucial step in the group’s strategic growth plan, enabling it to continue to invest in acquisitions and network expansion,” said Geoffrey Camilleri, Chairman of Hili Finance Company plc.

The bond issue will be open for subscription from June 19, 2024 to July 10, 2024, or earlier at the discretion of the issuer. The bonds will mature and be redeemable at their nominal value on July 17 2029.

Hili Finance Company plc is the finance arm of Hili Ventures, a diversified group engaged in food service & retail, real estate & hospitality, shipping, oil & gas, engineering, and technology in 10 countries across Europe and North Africa with a team of 12,000+ people.

The full bond documentation is available for download on its website: www.hilifinance.com. Interested investors are encouraged to connect with Authorised Financial Intermediaries listed in the prospectus.

About Hili Finance Company plc

Hili Finance Company plc acts as the finance company for Hili Ventures and its subsidiaries. Operating from Malta, Hili Finance Company plc acquires, holds and manages assets and other financial interests for Hili Ventures, of which it is a wholly owned subsidiary. The company raises finance for the business of Hili Ventures through the issue of bonds on the Malta Stock Exchange.

Hili Finance Company plc is a subsidiary of Hili Ventures, the holding company of a diversified group with a deep-rooted entrepreneurial heritage dating back to 1923. Through its various subsidiaries, Hili Ventures is engaged in food service & retail, real estate & hospitality, shipping, oil & gas, engineering, and technology in 10 countries across Europe and North Africa with a team of 12,000+ people. From its headquarters in Malta, Hili Ventures steers its subsidiaries towards continued growth in selected sectors and markets. Hili Ventures is a proud partner of Apple, Konecranes, McDonald’s, Microsoft, NCR, Six Senses and many other global brands.