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 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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Mike Magri
Feb 13th 2010, 15:01
@ F Cassar. My point is that if someone tells us of the percentages of who were the buyers of such stocks, like x% by companies, y% by high class workers, z% by middle class workers etc.. etc.. etc.. then we would be in a much better position to asses whether, as you said, we `stop moaning ala super one`, or as i say, continue living a dream in `Disney Land` ala net news and the DOI....!!
The Choice is yours Habib...!!
F Cassar
Feb 12th 2010, 17:47
I bought bonds and I'm no investor. I know normal people like me who bought these bonds too How i wish that in this small country of ours we stop moaning ala super one and appreciate what we have ... meta tara x'qed jigri f'pajjizi bhal Grecja tinduna kemm dan id-daqsxejn ta pajjiz irnexxilu johloq ix-xoghol minkejja l-krizi internazzjonali
c. camilleri
Feb 12th 2010, 16:51
Where are the moaners and whiners? Have they nothing to say?
lgalea
Feb 12th 2010, 16:34
S Cassar skond min hadhom il-bonds siehbi.
P. Callus
Feb 12th 2010, 16:28
S Cassar, In recession all bond issues are oversubscribed. And these bond issues weren't bought from normal people (the majority of the maltese people), but from financial institutions.
Mike Magri
Feb 12th 2010, 15:57
@ S Cassar.. X`ghandu xjaqsam habib dak li ghidt.. Mela Inti taf FIC-CERT li dawk inxtraw KOLLHA mill-Haddiema jew il-Pensjonanti..!! Forsi jkun interessanti ferm, jekk ghall-ewwel darba, xi hadd jghidilna ddettaljat minn min verament xtara l-bonds..!! Imma nahseb bil kurzita se jhalluna habib tafx.....!!!
S Cassar
Feb 12th 2010, 15:36
DIK HI R-RICESSJONI! U TONY ZARB IRID JIPPROTESTA! LABOUR CAN NEVER GET IT RIGHT