Corinthia €15m bond offer gobbled up

Angelique Pace

Mar 2nd 2010, 21:38

A Dimech and all others protesting against the tariffs: Please get real!!!! My work involves driving around all Malta and Gozo, and the Super 5 outlets with the most ppl playing are in those areas where supposedly, the ppl are out of work on minimum wage, and are the same areas where parents send their children to school without food..... So pardon me, but their problem is not the tariffs, it's becaus their priorities are wrong. THey wake up in the morning and say 1) cigarettes - check 2) super 5/lotto/bongo/quick keno etc - check 3) maybe a drink or a beer - check....then, and only then they say 4) food???? ooops 5) bills??? ooops

As regards to loans, believe me, to get the bank to give you a loan is not easy...and they give you an amount that is reflective of your salary.....if you can't afford to buy X, they won't give you the loan..... Now if the person is still pigheaded and goes to the dealer to buy with hire-purchase, and can't make the payments, it's only the ondividual's fault!!!!

J. Debono

Mar 2nd 2010, 17:53

@ Corinthia

“We are very satisfied with the positive response generated by this bond issue. Once more, this success underlines the strong reputation enjoyed by the Corinthia Group," group chairman and CEO Alfred Pisani said.

Sorry to burst your bubble, but the main reason the bonds were sold immediately, is the huge amounts of cash flow, as ALL bond issues are oversubscribed in minutes!

U mbaghad jghidu m'hawnx flus fl-idejn!!!!!!!!

M.Gauci

Mar 2nd 2010, 15:40

Silvio Schembri

Min semmilek li Bencini sar PL? Puppaz tal-PL forsi, izda mhux PL.

Again, rigward ta l-insurance etc.. u kemm jixtru u porzjonijiet, forsi ma fhimtx ghadek li d-dinja kollha jsir hekk. Min ghandu flus dejjem jixtri porzjon akbar. Ma jfissirx li l-ohra mejtin bil-guh lanqas. Foldiri x'qieghed tipprova tghid, hadd ma ser jifmek - la jekk tikteb bl-ingliz u lanqas bil-Malti. Foldiri int qed tghid li suppost bil-kontra? Buqq

Gianninu Saliba

Mar 2nd 2010, 15:23

Shame, it has become a routine, Joseph says something in the evening and is proved wrong the next morning. So Joseph, repeat what you said yesterday in Parliament. Did you say that this government is creating poverty? I will not quote McMillan's slogan, but honestly, to use another one: Gonzi - par idejn sodi.
Not only millions of euros are available for investment, but the Maltese were prepared to waste millions of small change, when they did not go to exchange the Maltese coins for euros.
Grazzi Dr. Gonzi, grazzi. Within the next 40 months the nation will show its gratitude and Tony will find out who deserves to be called traitors. We are neither makku nor imzazen.

Silvio Schembri

Mar 2nd 2010, 14:44

@M Gauci

ha nghidlek bil malti ghax nahseb bl ingliz ma femtniex. M ghedtlekx li ghandek insurance int imma ghedtlek jekk insurance company jew credit institution tihu sehem f issue bhal dik 15 million ma huma xejn!!! ma jfissirx li l publiku in generali ma jixtriex imma l proporzjon jkun ferm izghar. qed tifem!!

u min mindu issa qeghdin insemmu lil Bencini bhala PL??? igifieri MUMN, UHBC MEPA etc dawn ma nsemmuhomx ghax ma jaqblilniex!!!

M.Gauci

Mar 2nd 2010, 13:57

Silvio Schembri - Luqa

Sur Schembri - mela jien, skond int, ghandi insurance company ghax xtrajt minnhom. Kullhadd jixtri Schembri - mhux tal business biss.

Fuq karozzi - Jien personalment naf xi 10 min nies li gabu BMW min barra - hadd ma sekwestrawilu. Pero sekwestru jigri dejjem - taht gvern PN u taht gvern MLP - allura l-punt tieghek x'inhu?

Nimmagina l-kumpanijji l-kbar jonfqu l-miljuni fuq is-super 5 etc.. kull gimgha. Kemm ma tifilhux taqaw ghac-cajt.

Fuq debt re-servicing. X'qed tghid b'daqshekk? Mhux xorta bonds godda huma? iva biex jithallas (parti minnhu) l-antik. So ? Mhux flus jibqaw? Mela tal-lejber saru jaraw 15 il-miljun bhala cicri dan l-ahhar? Mela vera hawn il-flus fl-idejn.


Igalea: Pyrex builing wiehed hemm bi frame ahmar u b'architetura kerha :) Pero nigi nitmellah, jekk tal-PN ux Pyrex ukoll. Jekk weggajtek ghax ghedtlek Pyrex building - skuzani - ma nergax. Ahfirli. :)


Bottom line - il-pulcinellata tal-bierah bhal ohra kontra privatisation, Euro, EU etc..... spiccaw fil-vojt u Toni Zarb, Bencini u l-partit laburista bhas soltu waqqew ghaz-zufjet. (Qed insemmi dawk it-tlieta biss ghax dawk kienu l-main organisers wara din il-pulcinellata kollha)

A. Borg

Mar 2nd 2010, 13:33

lgalea,
Ghandi in-neputija teacher fis-skola fis-south ta Malta u kuljum tiehu hafna hobz zejjed ghal dawk it-tfal li ma jgibhux lunch maghhom barra li hafna t-tfal ta eta zghira qed jispiccaw jaghmlu hafna hin id-dar wara l-iskola wahedhom ghax il-genituri jkunu t-tnejn jahdmu u nanniethom ukoll! Mhux ta b'xejn li hafna ulied qed jaqghu u jqumu mill-genituri taghhom meta jikbru,ghax jekk dawn ma jafghux xi tfisser imhabba tal-genituri kif jistghu jirrispettaw lilhom!

Louis Pace

Mar 2nd 2010, 13:33

@ M.Gauci (On Your First Post Here)

It sounds like you are jealous of those people with nice cars, of those developers, of those that go out and eat every Saturday and maybe every Sunday, those that go to Paceville, those that buy cloths, those that go abroad and those that have any kind of boat.

I would be if I'm having problems with the cost of living and a few hundreds of euros in the bank.

I'm sure that you will anwser me one way or the other...........

A. Borg

Mar 2nd 2010, 13:26

Din tal-Libja jonqosna! Biex minn 8000 ruh jirregistraw nitilghu ghal 10,000!
Mill-figura tal-qghad huwa bizejjed indikazzjoni kemm sejrin tajjeb!
Ghadna l-ghola kontijiet tad-dawl fl-ewropa,l-inqas pagi fl-Ewropa. Ma nistghux inkunu ahjar.

lgalea

Mar 2nd 2010, 13:22

J Martinelli Perhaps if you stopped writing The Times readers would be saved from your drivel Martinelli.

N.Calleja Are you suggesting that you should sell your property just to satisfy the government's despotic decisions?

M.Gauci Tinsiex li Gonzi u inthom ghandkom il-pyrex house II mhux hekk?

Anthony Dimech Ghandek ragun siehbi. Staqsi lil surmastrijiet u anki ghalliema kemm jiehdu huma stess hobz u affarijiet ohra ghax studentima jkollhomx x'jieklu jew kemm studenti ma jmorrux ghax jisthu jaraw lil shabhom jieklu u huma jharsu. Dan ghandhom jghidu l-apologisti tal-pn specjalment Martinelli li ma jigi affettwat xejn minn dak li jigri Malta.

a.dalli

Mar 2nd 2010, 13:19

But in the meantime - Corinthia personnel cannot visit Libya, with a senior offial also refused entry.

C Cassar

Mar 2nd 2010, 13:15

The main reason the unions and their 'rich' followers were protesting is that they sense the time for free handouts is coming to an end. The concept of getting paid for what you deliver/produce rather than the time spent 'sitting at work' is dawning as a huge shock on them. The days of huge pensions & redundancies are nearly well and truly over.

They have been exposed for all of their laziness and greed at the expense of those that actually contribute to soceity rather than continually take from soceity.

The next step will be to retrospectively reclaim the money from these people that they have unfairly hoarded over the last many years.

A. Borg

Mar 2nd 2010, 13:12

lgalea,
Jew dawk li qed jghidu li qed naghmlu ghageb bil-kont tad-dawl u l-ilma imbaghad tghaddi minn quddiem djarhom filghaxija u kontra s-soltu ikunu fid-dlam cappa jew ma jkunu qatt id-dar ghax BILFORS kellhom johorgu jahdmu biex ilahqu mall-gholi tal-hajja!
Il-Progress li sar f'Malta huwa li qabel mall-eta tal-penzjoni kont tgawdi l-ahhar jiem ta hajthek imbaghad fi zmien Eddie spiccaw irabbu it-tfal ta uliedhom u taht Gonzi kellhom jergghu johorgu jahdmu.Dak kien il-progress li rajna f'dawn l-ahhar snin.

J Martinelli

Mar 2nd 2010, 13:09

Such hard times! Such dire straits!

Instead of wasting time marching the streets, Muscat and Zarb could have done something more useful - line up to get some of the bonds issued by Corinthia and maybe get rich soon, retire and save us from more drivel.

"A €15m bond offer issued by Corinthia Finance p.l.c. had to close within minutes because of oversubscription". A clear message for those who can understand it!

PN sows trust - LP sow suspicion.
PN creates jobs - LP creates instability.
PN delivers, sooner or later - LP has no goods to deliver.

A. Borg

Mar 2nd 2010, 13:06

M.Gauci,
Dawk fatti u mhux cucati. Hares naqra lejn l-HSBC u tara kemm naqaslu l-qliegh mis-sena l-ohra l-hawn. Id-dejn huwa investiment jekk jithallas imma hafna huma dawk li mhux qed jaslu u l-karrozzi qed jergghu jispiccaw ghand id-dealers jew isekwestrati mill-banek L-istess fil-propjeta. Qatt ma niftakar li kien hawn djar ghall-bejgh daqs kemm hawn il-lum. Ir-raguni hi li hadd mhu qed jixtri ghax ma jiflahx. Il-Malti huwa laghbi u dawk li jkollhom ic-chockers m'ghonqhom probabilment humal-ifqar tal-pajjiz ghax dawk l-unika oggett ta valur li jkollhom!
Mhux minn jilghab is-super five huwa sinjur habib. Hafna minn uliedhom jintbaghtu l-iskola b'lanqas kisra hobz maghhom.

Silvio Schembri - Luqa

Mar 2nd 2010, 13:03

@ M Gauci

You seem to understand nothing about Bond issues. The euro15 million will be used to roll over the outstanding amount already owned by Corinthia. Again it doesn’t mean that these 15 million were taken up by the general public. 15 million for insurance companies and credit institutions are a drop in the ocean.

Besides I think you should read something about the Gini Coefficient and the distribution of wealth. Having some thousands luxurious cars around doesn’t imply that the economy is sound it only means that a few thousands are getting rich while the others are struggling. If the economy was prosperous unemployment would decrease not increase. I don’t think that those luxurious cars are owned by these people but maybe you’re one of them and cannot understand this argument as long as you stand on that side of the coin!!!!

N.Calleja

Mar 2nd 2010, 12:41

@ Anthony Mifsud
You should have watched demonstators in the two protest marches. Women dressed in their best clothes, fully decorated with expensive jewellery. There was a man who was interviewed wearing heavy gold chokers worth thousands of euro! He should be careful otherwise he can easily be robbed. But for a few extra euro in utility tariffs there he was protesting. Halluna!

M.Gauci

Mar 2nd 2010, 12:38

Sur Dimech.

Ir-restaurants dejjem ghandhom il-peak periods taghhom. Mhux Malta biss. Mhux ovja.

Fuq li qed tghid li dejjem l-istess nies jixtru - ghandek zball kbir.

Fuq dejn. Ma nghidx li le - izda d-dejn jithallas jrid foldiri karozza ta 10K facilment tigiek 11K bl-interessi. Grazzi ghax mhux talli qbilt maghna izda ghollejt il-figura.

Nassummi s-sinjuri tas-soltu jixtri l-billjetti tas-super 5 u jkollhom tunellata dheb imdendel ma ghonqhom.

Hallina, tirrepethiex cucati li qed jghidulek min gewwa pyrex house.

lgalea

Mar 2nd 2010, 12:37

Ray Buhagiar Skond ghand min qeghdin ic-chevrolets ecc. Hawn ftit li ghal wahda ghandhiom tnejn, tlieta u anki aktar, imma dawk huma l-ftit maghzulin.

M.Gauci, j.aguis, M Mifsud, Karl Abela Ghax ma tarawx min qed jehodhom il-bonds. Mhux il-ftit sta bene tas-soltu apparti l-banek?Dwar ir-restaurants, anki jekk tiehu hob\a biz-zejt tkun kilt f'restaurant. U tigik irhas milli taghmilha d-dar minhabba l-gholi tad-dawl u l-ilma u anki tal-gass. Pulcinellati taf min jaghmilhom? Dawk l-apologisti tal-PN li bhall-Anglu tal-Vara qeghdin bil-musmar imwahhal f'daharhom u xorta wahda qed jippruvaw jitbissmu.

j.aguis

Mar 2nd 2010, 12:32

serrah rasek sur dimech li il-bingo halls ma humiex qed ikunu mimlijin b'nies sta bene !!!! anzi pjuttost bil-kontra! jaghmlu sighat shah jilghabu u jonfqu il-flus fit-tombla imghad ma ghadnhomx biex ihallsu il-kontijiet!

A. Borg

Mar 2nd 2010, 12:25

Kullhadd imma qed jinsa haga li dawk il-Bonds dejjem jittiehdu mis-soltu grupp ta nies li huma sta bene u dawk il-Karrozzi u affarjiet ohra li qed issemmu il-maggoranza taghhom kollha dejn! Staqsu wahda lil Banek kemm ghandhom jigbru jew lil tal-hwienet.
M.Gauci,
Ir-Restaurants kif ghidt int li s-Sibt ikunu mimlija imma is-sitt ijiem l-ohra vojta jkunu!

Karl Abela

Mar 2nd 2010, 12:19

This really ridicules what Joseph Muscat and Tony Zarb are saying....even the laymen in the street with normal salaries are subscribing to these bonds...

M Mifsud

Mar 2nd 2010, 12:16

Insejtu ssemmu l-gbir ta' flus fil-maratoni, ingabru miljuni ta' Ewro! Il-lista ma tispicca qatt!

j.aguis

Mar 2nd 2010, 12:03

sur M.Gauci insejt isemmi xi haga: il-bingo halls mimlija mit tnejn sal-Hadd min-9 ta filghodu sal-hdax tal bil-lejl. xi darba ghaddi wahda minn rahal gdid u tara b'ghajnek dak li qed nghidlek. biss biss hemm 2 bingo halls imbeghdin minn xulxin ftit metri biss. dejjem ippakjati bin-nies imbghad tismaghhom jeqirdu ax il-gvern qatilhom bil-guh

M.Gauci

Mar 2nd 2010, 11:43

Biex inhalsu l-kont tad-dawl umbad ahna mejtin bil-guh. Nahseb hargu xi 50 bonds dan l-ahhar snien u dejjem inhatfu bil-kbir.

Umbad hemm il-lottu ta kull gimgha fejn jinlaghbbu l-miljuni - eh, hija, imma l-kont gabna mejtin bil-guh.


Umbad hemm id-djar li jinxtraw - dejjem jinbena l-gdid, vera hemm ftit li huma vacant, izda li mhawnx suq ma jimdnewx izjjed, le? Il-kont tad-dawl gabna fixxa

Il-karozzi bl-addoc - Karozzi tad-ditta li anka 2nd hand ghandek mizerjament Lm10K biex tigik f'idejk hawn Malta. Bir-rimi qed jinxtraw. Izda Joe Muscat qalilna li l-kont qwatilna bil-guh

Umbad nhar ta sibt - jekk ma tibbookjax, insa li ssib mejda go restaurants ta med jew high class. Dejjem bil-queues barra jistennew. Le le il-kont tad-dawl gabna fixxa

Paceville - dejjem splodut bin-nies jixorbu u jiddervertu - le l-kont hassadna

Holidays - dejjem jonqsu jahasra, ghax dejjem full booked. Le le - il-kont fniena.

Hwienet tal-hwejjeg - Il-belt, tas-sliema, il-hamrun, paola - vera bahh - ghost town

Issa gej is-sajf - nohrogu id-dghajjes, il-mutur tal-bahar, nixghalu l-a/c, etc.. Le le, il-bcejjec tal-bahar dejjem jonqsu qedin. Ghax il-kont tad-dawl qatilna.

Sewwa qal xahadd - pulcinellata kienet din d-dimostrazzjoni.

Ray Buhagiar

Mar 2nd 2010, 11:42

M'hawnx flus wkoll. Chevrolets ma kullimkien, Landrovers minn UK bl-addocc, bonds jinhatfu u kullhadd igerger bir-ricessjoni. Qed nghixu go fairytale