A €37 million bond issue by Hili Properties plc, the property division of Hili Ventures Ltd, has been oversubscribed.
The 4.5% Unsecured Bonds 2025 were offered this morning and taken up within hours.
Interest on the bonds commences on October 16 and refunds of unallocated monies will be made by October 21. The bonds are expected to be admitted to the Malta Stock Exchange on October 21. Trading is expected to start on October 22.
Hili Properties plc will announce the basis of acceptance of applications and the allocation policy to be adopted by October 14.