BBT p.l.c. has announced the launch of €25,000,000 5.4% Secured Callable Bonds redeemable in 2032-2036, with a nominal value of €100 for each bond issued, redeemable at face value.
Please find the prospectus relating to the respective bond issue.
Business Overview
BBT Group is a strategic joint venture formed in 2022 by four Maltese entities: TUM Invest, BT Group, Burmarrad Group and the V&C Group. The Group owns and operates a diversified portfolio of commercial real estate assets located across Malta and Gozo, including shopping centres, hotels, purpose-built business complexes and office premises.
Its property portfolio is estimated to be worth more than €150 million. Key assets include The Watercourse and San Gwakkin commercial buildings in Mrieħel, CenterParc shopping centre in Qormi, and a major development site in Burmarrad currently being developed into a shopping centre. The Group also owns the Calypso Hotel in Gozo, in addition to other hospitality and commercial projects that are currently in planning or development stages.
Use of Proceedings
The net proceeds from the Bond Issue are expected to amount to approximately €24,400,000 and will be allocated as follows:
- the first seven million Euro (€7,000,000) of the proceeds will be used to repay the shareholder’s loan due to TUM as part consideration on the acquisition of land in Zurrieq;
- the following fifteen million Euro (€15,000,000) of the proceeds will be used to part-finance the development and construction of the Burmarrad site; and
- the following two million and four hundred thousand Euro (€2,400,000) of the proceeds will be used to finance general corporate funding requirements of the Group.
How to apply
There are no fees to apply, this includes both nominee and non-nominee (certificated) applications.
If you are interested in participating in the Bond Issue and need to fund your account with us, we strongly recommend that you send a bank transfer to the IBAN provided on your account for fast straight-through processing. This can be found easily on your portfolio and statement reports or via the Moneybase platform. Please contact customer care if you are unable to locate this. You can also fund your account by card through the Moneybase app.
Online
Our award-winning platform, Moneybase is available as an app on both Android and IOS app stores and on the web.
Should you prefer to apply online, kindly search for the applicable instrument from the below list and specify the amount of bonds you would like to subscribe for:
• 5.4% BBT plc Secured Callable Bonds 2032-36
The minimum application amount is €5,000 and in multiples of €100 thereafter.
Advisory
Financial Advisory clients who wish to seek financial advice or who prefer to speak to their financial advisor can fund their account and visit one of our branches (Birkirkara, Mosta, Sliema and Fgura) or contact us via in-app live chat by calling on +356 25 688 688 or book an appointment.
If you need assistance our ISO-certified customer care team is available to assist 7 days a week.
This is a complex instrument. The value of the investment can go down as well as up. Prospective investors wishing to subscribe to the bonds should make their own assessment and carefully consider the Prospectus to fully understand the features of the investment and the potential risks and rewards associated with the bonds and should seek the assistance of a financial advisor if in doubt. This advertisement was approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta
