Premier Capital, the McDonald's restaurants operator in Malta, Latvia, Lithuania and Estonia, is to issue a €20 million 2017-2020 bond to finance the group's expansion and development in Malta and the Baltics. The Bond carries a 6.8 per cent coupon.
The offer mirrors the drive and enthusiasm that has marked the company's expansion in recent years, Premier Capital said.
The company, which started off with eight McDonald's restaurants in Malta and Gozo, now runs 30 restaurants, serving 24 million customers a year, and generating revenues exceeding €54 million annually.
Premier Capital plans to open eight new restaurants over the next two years. The immediate objective is to acquire a mix of land and premises to develop a number of in -store and drive-through restaurants in key locations.