PTL Holdings plc, the holding company of PTL International, has launched a €36 million bond issue, maturing in 2024.
The unsecured bonds, at a nominal value of €100 per bond issued at par, bear an annual interest rate of 5.1 per cent. Proceeds from the bond issue will be primarily directed to refinance PTL International’s recent expansion.
Earlier this year, PTL International, a subsidiary of Hili Ventures, acquired SAD, Poland’s largest Apple reseller, and APCO, the Malta-based payment services provider and automation expert. PTL International is a diversified portfolio of IT investments with a footprint in Central and Eastern Europe and the Middle East. Brought together in early 2014, PTL International’s activities focus on retail, business solutions, and borderless value added services.
PTL International is working to position itself in Dubai, Hungary, Latvia, Malta, Poland and Romania.
Application forms are available from authorised financial intermediaries.
Subscriptions open on November 24 and close on November 28, or earlier if the bond issue is over-subscribed.
To find out more about the bond issue, visit www.ptli.net.