Tumas Investments bond over-subscribed

Tumas Investments plc today announced that it’s €20 million bond issue had to be closed immediately after opening due to heavy over-subscription. The company exercised its over-allotment option of an additional €5 million, bringing the total bond...

Tumas Investments plc today announced that it’s €20 million bond issue had to be closed immediately after opening due to heavy over-subscription.

The company exercised its over-allotment option of an additional €5 million, bringing the total bond issue to €25 million

Tumas Group chairman George Fenech, expressed satisfaction at the response saying this reflected the strong confidence the Maltese investing public had in group.

This issue matures between 2017 and 2020 and carries a coupon of 6.2 per cent per annum.

The basis of allotment of the bonds will be announced by July 5.

The group's board of directors thanked investors and financial intermediaries for their support .They also thanked the Tumas team who worked on the bond and the issuer’s advisors.

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