Hili Properties plc bond issue oversubscribed

Interest on the bonds commences on October 16 and refunds of unallocated monies will be made by October 21

7 October 2015, 10:39am

1 min read

Hili Properties plc, the property division of Hili Ventures Ltd, announces that due to heavy oversubscription for the €37 million 4.5% Unsecured Bonds 2025, the subscription lists which opened this morning, Wednesday, October 7, closed soon afterwards.

Interest on the bonds commences on October 16 and refunds of unallocated monies will be made by October 21. The bonds are expected to be admitted to The Malta Stock Exchange on October 21. Trading is expected to commence on October 22.

Hili Properties plc will announce the basis of acceptance of applications and the allocation policy to be adopted by not later than October 14, 2015.

Hili Properties plc thanks the investment community for its confidence in the company and its support of the bond issue.