The Eden Group has become the latest company to announce a bond issue, saying today that it had submitted an application to the MFSA to issue a €15m bond redeemable between 2017–2020 and guaranteed by Eden Leisure Group.
Farsons announced a similar bond issue on Monday.
Eden said the proceeds of the new bond issue would be used to finance a bond exchange programme for the 6.7% Eden Finance plc 2010 bonds which are due for redemption on 12th October 2010 and for general financing requirements of the Eden Leisure Group.
It intends to give preference to existing Eden Finance plc 2010 bond holders who indicate their willingness to surrender their existing holding in favour of the new bonds.