Global Capital said today that its issue of €10m 5% unsecured bonds has been fully subscribed.
It also said payment is being made in respect of principal and interest on the 5.6% bonds which matured on June 2. The principal amount on maturity date was €13,823,200.
The closing date for the €10 million bonds had been extended to today.
In comments to Times of Malta on May 31, company officials had explained that the extension was given because the company was still receiving interest both from existing bondholders and from new professional investors.
Most corporate bonds in Malta are snapped up within hours of issue.
Chairman Paolo Catalfamo, whose company Investar is a majority shareholder, had said at the time that Investar and its sponsor – Calamatta Cuschieri – provided a commitment to take up, between them, whatever portion of the bond was not placed. He added that the original offer period was too short and hence the decision was taken to extend it.