Saturday, 4th July 2009

Tumas Investments bond issue over-subscribed

Tumas Investments said its €20 million bonds issue closed immediately after opening due to "substantial over-subscription" and it, therefore, exercised its over-allotment option of an additional €5 million. The bond issue matures between 2014-2016 and carries a coupon of 6.25 per cent per annum.

Group chairman George Fenech expressed great satisfaction and said that this reflected the strong confidence investors have once again shown in the group. The basis of allotment of the bonds will be announced by Friday.