PTL Holdings plc launches €36 million bond issue

The unsecured bonds, at a nominal value of €100 per bond issued at par, bear an annual interest rate of 5.1 per cent. Proceeds from the bond issue will be primarily directed to refinance PTL International’s recent expansion.

Earlier this year, PTL International acquired SAD, Poland’s largest Apple reseller, and APCO, the Malta-based payment services provider and automation expert.

PTL International is a diversified portfolio of IT investments with a footprint in Central and Eastern Europe and the Middle East.  Brought together in early 2014, PTL International's activities focus on retail, business solutions, and borderless value added services. Across its activities in various sectors and markets, the group enjoys high-level technological, operational, and management expertise, resulting in multi-level synergies.

By partnering a range of best-in-class brands to deliver superior, innovative technologies, PTL International works to position itself among the leaders in its sectors in Dubai, Hungary, Latvia, Malta, Poland, and Romania. The group's ambitions are driven by a multicultural, expert knowledge base of 400 IT, sales and project management professionals across its international presence.

More information about the PTL Holdings plc bond issue is available from the prospectus dated November 3, 2014, which is available at www.ptli.net or authorised financial intermediaries. Application forms are available from November 10 from authorised financial intermediaries. Subscriptions open on November 24 and close on November 28, or earlier if the bond issue is over-subscribed.

PTL International is the technology subsidiary of Hili Ventures, the holding company of a diversified Malta-headquartered group. Hili Ventures is engaged in logistics and engineering; technology; property management; and multi-sited operations in collaboration with McDonald's and Apple.

Present in more than 12 countries across Europe and the Middle East with a team of 3,500 people, Hili Ventures is a proud partner of Allison, Apple, Cisco, CMA CGM, Hoffmann, IBM, Lenovo, McDonald’s, Microsoft, NCR, Terberg, Tranter, and other global leaders.

Disclaimer:

The value of investment can rise as well as fall. Past performance is not necessarily indicative of future performance. Investors should seek the advice of an independent, authorised financial intermediary before deciding to invest in listed financial instruments.