Stivala Group Finance plc has announced the full allocation of €45,000,000 4% Secured Bonds 2027.
Interest on the secured bonds commenced on October 18. The secured bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange tomorrow and trading to commence on Tuesday.
Stivala Group chairman Michael Stivala said: “I wish to thank the investing public, financial intermediaries and all those who worked to make this bond issue a success”.
The total value of real estate of the Stivala Group is in the region of €140 million
The Stivala Group is primarily involved in the acquisition of real estate for long-term investment purposes, principally in the Gżira, Sliema and St Julian’s areas. Once acquired, the Stivala Group is engaged in the development or redevelopment of those properties and their conversion into residential and commercial properties.
All real estate is retained by the Stivala Group to generate rental revenues, both from short letting and tourism accommodation as well as from long-term residential, office and retail lets. The total value of real estate of the Stivala Group is in the region of €140 million.