IZI Finance p.l.c. has announced the launch of €30,000,000 5.5% Unsecured Bonds redeemable in 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
IZI Finance p.l.c. serves as the financing and holding entity of the IZI Group, one of Malta’s foremost regulated gaming operators. Through its subsidiaries, the Group operates across land-based and online gaming segments, including casino operations, national lottery services, retail and digital betting, electronic gaming machines and other regulated gaming activities. Its principal land-based asset is the Dragonara Casino, managed by Dragonara Gaming Limited under a long-term concession agreement, in addition to the exclusive operation of Malta’s National Lottery through National Lottery p.l.c.
The Group benefits from diversified income streams generated through casino activities, national lottery products such as Super 5 and Lotto, retail betting outlets and online platforms. In recent years, strategic focus has been directed towards enhancing operational efficiencies, expanding digital capabilities and exploring international growth prospects. As the Group’s financing arm, IZI Finance p.l.c. raises capital and advances funds to its subsidiaries to support expansion and strategic development.
Use of Proceeds
Net proceeds from the bond issue, estimated at approximately €29.5 million after expenses, will primarily fund the Group’s next stage of growth and international expansion. Around €4 million is earmarked for the partial refinancing of existing bank facilities to optimise the capital structure and improve financial flexibility.
Approximately €23 million will be utilised to enhance the Group’s capacity to identify and execute international strategic opportunities aligned with its broader internationalisation plans. The remaining €2.5 million will be allocated towards general corporate purposes, including working capital requirements and operational support linked to its expanding operations.
How to apply
The bond offer is open to existing bondholders of the 4.25% IZI Finance Plc Unsecured 2029 bond through an Existing Bondholders’ Offer and the public through an Intermediaries’ Offer.
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 platform.
Online
Our award-winning platform, Moneybase is available as an app on both Android and IOS app stores and on the web.
Existing bondholders of the 4.25% IZI Finance Plc Unsecured 2029 can apply through the Moneybase platform by looking up the security below and specifying the amount of bonds they wish to subscribe for:
Existing certificated bondholders of the 2029 bonds are requested to provide a completed ‘Application Form – Existing bondholders’ that has been provided to them. If you hold your bonds under our nominee, no form is required.
General Applicants wishing to apply under the Intermediaries Offer can look up the following instrument on Moneybase and specify the amount of bonds they wish to subscribe for:
The minimum application amount is €2,000 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 email on [email protected], calling us 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.
Calamatta Cuschieri Investment Services Ltd is a member of the Maltese Investor Compensation Scheme. Instruments entrusted with us are covered under the Scheme in line with the Investor Compensation Scheme Regulations (S.L. 370.09).
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.
