Grand Harbour Marina bond issue fully subscribed

Subscription lists for the Grand Harbour Marina €10 million seven per cent Bonds 2017-2020 were closed shortly after opening due to a strong demand from the investing public, the company said. Chairman Lawrence Zammit announced that in view of the...

Subscription lists for the Grand Harbour Marina €10 million seven per cent Bonds 2017-2020 were closed shortly after opening due to a strong demand from the investing public, the company said.

Chairman Lawrence Zammit announced that in view of the substantial demand, “the company has decided to exercise its over-allotment option and increase the amount by an additional €2 million bringing the total bond issue to €12 million”.

Nick Maris, Grand Harbour Marina director and CEO of Camper & Nicholsons Marinas outlined that “the positive outcome of this bond issue reflects the investors’ confidence in the Grand Harbour Marina and Camper & Nicholsons tandem, and in the fact that together, these two companies form a strong team which is well positioned and equipped to develop the existing business potential of the immediate future.

“Our investors, together with the business community have expressed their trust in our future plans to reap the investment opportunities currently available in the attractive marina sector,” he said.

The allocation policy to be adopted for the public offer will be announced by February 18.

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