Excel Finance p.l.c. today announced the launch of a €50 million secured bond issue with an annual interest rate of 5.4%, maturing in 2031.

The bonds will be secured by a first ranking special hypothec over Q Hub in Qormi and various residential properties owned by group companies.

The bonds, which have a nominal value of €100 per bond, will be guaranteed by Excel Investments Holdings Limited.

The minimum subscription amount is €5,000, and the offer period will run from December 4 to December 20, 2024.

The proceeds from the bond issue will be primarily used to:

• Refinance approximately €25 million in existing bank loans
• Fund approximately €8 million in development costs for ongoing real estate projects
• Provide approximately €16.1 million for general corporate funding purposes

The Excel group board of directors highlighted the fact that the bond issue represents an important milestone for the expansion of the property development and rental operations. The funds raised will be utilised to enhance financial structuring and drive the growth strategy. 

Calamatta Cuschieri Investment Services Limited and Bank of Valletta p.l.c. are acting as Sponsor & Co-Manager and Registrar & Co-Manager respectively.

Interested investors can subscribe through any of the authorised financial intermediaries. The full prospectus is available on the company's website at www.excel-group.eu.