Mediterranean Investments Holding has issued the prospectus in relation to an issue of €11 million unsecured notes, with a coupon rate of six per cent redeemable in 2020.
The notes have a nominal value of €1,000 each at par. The minimum subscription amount is €50,000, in multiples of €1,000 thereafter.
The notes will not be listed on the Malta Stock Exchange or on any other regulated market. Out of the €10.9 million net proceeds from the issue, MIH will use €10.75 million to repay a bank facility used to part finance the development of Palm City Residences in Libya. The balance will be used by MIH to repurchase some of its outstanding bonds through the Malta Stock Exchange.
Charts Investment Management Service is the nominee and placement agent.
8th edition of environment awards launched by centre
The Cleaner Technology Centre is launching the eighth edition of the Environment Award for Industry.
The awards are designed to recognise and promote organisations that have made a significant contribution to environmental protection during 2014.
There are three award categories: a management award for sustainable development; a conservation award for sustainable development; and an environment protection initiative award for SMEs.
The winners will be assisted to compete in the European Environment Award Programme run by the DG Environment of the European Commission.
Last year’s winners were Actavis, Bank of Valletta and Trelleborg Sealing Solutions, with honorable mentions given to Green Skips Services, Carlo Gavazzi Malta and Parmargan Products.
The deadline for applications is the end of this month. Further details and application forms can be obtained from the Cleaner Technology Centre, Block A Portacabin No 15, University of Malta, Msida, e-mail: ctcmalta@gmail.com.
GO to deliver BOV fibre network
GO will be designing and building a nationwide dedicated Gigabit fibre network for Bank of Valletta, to be rolled out over the coming months.
This will future-proof BOV’s communications infrastructure, enabling it to deliver more and better interactive services to their customers. The multimillion-euro project agreement was signed by GO’s CEO Yiannos Michaelides and Bank of Valletta CEO Charles Borg.
The roll out of the BoV nationwide Gigabit fibre network will take place alongside the ongoing rollout by GO of fibre-to-the-home (FTTH), which is already bringing the next generation of internet services to both residential and commercial customers.
The €50 million investment in FTTH was launched by GO last April and a total of 33,000-plus households in Malta will be connected by the end of this year.
MiGS event almost sold out
Sponsorship and exhibiting opportunities for the seventh edition of MiGS are almost sold out. Companies such as Greentube, IGTECH, Bet Construct and BMIT have signed up as platinum sponsors, whereas other sponsors include NetEnt, Every Matrix SBTech, WorldPay, NYX Gaming Group, Continent 8, Bit 8, Akamai and Secure Trading.
MiGS15 will kick off on November 16 with a poker tournament sponsored by Pokerstars, featuring several major players as sponsors, exhibitors and partners. The theme for this year’s seminar is ‘iGaming past, present and future’. It will bring together an array of qualified veteran speakers, major operators, specialists, international regulators, associations as well as celebrities.
MiGS 15 will be held between November 16 and 19 at the Corinthia Hotel, St Julian’s.
www.maltaigamingseminar.com