Tumas Investments bond issue suspended

Tumas Investments 2014-2016 bond issue suspended in preparation for new €25 million bond issue

The Portomaso marina is one of the Tumas Group's major development triumps
The Portomaso marina is one of the Tumas Group's major development triumps

Tumas Investments p.l.c. has announced the redemption of its 6.25% bond issue 2014-2016.

The company said that subject to regulatory approval, it will return to the bond market with a new €25 million bond issue.

Trading in the Bonds 2014-2016 will be suspended as from 25th June 2014 in order to facilitate the exchange of bonds.

"The directors have resolved to offer present holders of the 6.25% Bonds 2014-2016 the opportunity to exchange their bonds for the new bonds to be issued," the company said.

The cut-off date for eligibility to exchange the Bonds 2014-2016 will be 25 June 2014 which will also be the last trading date for the Bonds 2014-2016. Trading in the Bonds 2014-2016 will be suspended as from 25th June 2014 in order to facilitate the exchange of bonds.