Tumas Group bonds available from tomorrow

Copies of the prospectus and application forms for Tumas Group Bonds are available to investors as from tomorrow from all stockbrokers, banks and licensed financial intermediaries. Applications can also be submitted tomorrow. Tumas Investments p.l.c,...

Copies of the prospectus and application forms for Tumas Group Bonds are available to investors as from tomorrow from all stockbrokers, banks and licensed financial intermediaries. Applications can also be submitted tomorrow.

Tumas Investments p.l.c, part of the Tumas Group, announced the issue of 6.25 per cent Bonds, which mature between 2014 and 2016 for the amount of € 20,000,000 with an option to increase the issue by another € 5,000,000 in the likely case of over-subscription.

Launching the bond issue on Thursday, Tumas Group chairman George Fenech gave an outline of the group's core activities highlighting the Portomaso project which has set benchmark standards for premium property in Malta.

Charles Farrugia, HSBC head of global banking and marketing said HSBC has enjoyed a long and successful business relationship with Tumas Group and is confident that this bond issue will be favourably received by investors especially because it carries an attractive interest and has the right tenure of five to seven years.

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