Tumas Investments plc announced on Friday its e20 million bond issue closed immediately after opening due to substantial over-subscription. The company therefore exercised its over-allotment option of an additional e5 million, bringing the total bond issue to e25 million.

Tumas Group chairman George Fenech expressed great satisfaction saying that this reflected the strong confidence the Maltese investing public has once again shown in the Tumas Group. This Bond Issue by the Tumas Group matures between 2014–2016 and carries a coupon of 6.25 per cent per annum.

The basis of allotment of the bonds will be announced to the press by not later than Friday 10 July and will also be available on the issuer’s website.

In a statement issued by the Board of Directors of Tumas Investments plc, the Board thanked the thousands of investors for the overwhelming response and expressed its appreciation for the support from the banking sector, financial intermediaries and the team of advisers.