Premier Capital plc bond issue over-subscribed

Premier Capital plc’s €65 million bond issue has been over-subscribed, the company said in a statement.

The subscription list for the 3.75% unsecured bonds 2026 closed soon afterwards they opened on Monday, 14 November.

Interest on the bonds commences on November 23, 2016, and refunds of unallocated monies will be made by November 28. The bonds are expected to be admitted to the Malta Stock Exchange on November 30. Trading is expected to commence on December 1.

Premier Capital plc will announce the basis of acceptance of applications to be adopted by not later than Monday, November 21, 2016.

Premier Capital plc is the licencee for McDonald’s in Estonia, Greece, Latvia, Lithuania, Malta and Romania, serving 100 million customers every year and generating revenue of €230 million annually.

Over 7,000 people are employed at over 130 McDonald’s restaurants in major locations, including 68 McDrives and 40 McCafe operations. Under an ambitious investment programme, Premier Capital will open additional restaurants and remodel several others across its footprint over the next three years.

Premier Capital is the McDonald’s division of Hili Ventures, the group headquartered in Malta and present in 10 countries from the Mediterranean and North Africa to Central and Eastern Europe.