Mediterranean Investments Holding p.l.c. (MIH), a subsidiary of Corinthia Group of Companies, is issuing a new €15 million 7 year bond bearing an interest rate of 7.5% per annum payable annually as from 4 August 200. The funds will be used to finance further expansion in Libya and North Africa. In the case of over-subscription, the issue may be increased to €20 million.

MIH made its first bond issued in November 2007, That issue was oversubscribed. The money was used for the building of Palm City Residences – a self-contained, newly built village in Janzur, 15km west of Tripoli.

MIH was set up in 2005 as a joint venture between the Corinthia Group of Malta and the National Real Estate Company of Kuwait.

It is now planning to build a commercial and residential centre in the heart of Tripoli and another residential village, in Misurata. More residential units will be built on the Libyan coast at Fawar.

Subscriptions for the bond issue will open on 28 July.

More information may be obtained from Mediterranean Investments Holdings p.l.c. located at Level 4, Europa Centre, Floriana.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.