Smartcare Finance plc has announced the issuance of €13,000,000 4.65% Secured Bonds 2031 having a nominal value of €100 per Bond which shall be issued at par.
In line with the published timetable, the public offer opens on Thursday 17th at 08:30 and should you wish to apply for this bond kindly raise an order on the instrument: 4.65% Smartcare Finance Plc 2031 General Offer
A minimum quantity of 1,000 units must be purchased and in multiples of 100 units thereafter. All orders must be submitted by not later than the 9 of April, 2021 @ 1200hrs (Closing date).
The offer may close at an earlier date without prior notice as a result of over-subscription and therefore interested parties should raise an order without delay. Non-nominee applications will be subject to a EUR 25 fee.
A copy of the Prospectus is available here
Business Overview
The Smartcare Group, through Smartcare Pinto Ltd which owns and operates the Care Home, is principally involved in the healthcare industry having commenced operations of the Care Home in December 2018, pursuant to which the Group is subject to general business risks inherent in the provision of accommodation and care for elderly persons.
- Originally incorporated as Smart Homes Ltd in 2005 and with the aim of providing high-quality construction services to both the private and public sectors, as the business grew, three additional development companies were incorporated through which a number of development projects were acquired.
- In 2018, Smartcare Pinto Ltd was incorporated and the company entered into the healthcare for the elderly sector by purchasing the Dar Pinto, a state-of-the-art, elderly care home located in Qormi with a total of 148 beds spread over 45,000 square meters.
- Smartcare Finance Plc acts as the finance and investment arm of the Smartcare Group, established with the aim to carry on with the ownership, development, operation and financing of the Group’s business activities, both in Malta and overseas.
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This communication had been issued by Calamatta Cuschieri Investment Services Limited (“CCIS”). The value of the investment may go down as well as up and past performance is not necessarily indicative of future performance, nor a reliable guide to future performance. An investment in the Bonds may not be suitable for all investors and prospective investors are urged to consult their financial advisers as to the suitability or otherwise of acquiring such instrument.
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