Calamatta Cuschieri Finance PLC has launched €4,000,000 4.25% unsecured callable bonds maturing 2024-26. The proceeds from the bond issue are projected to consist as follows:
- One million, two hundred and fifty thousand Euro (€1,250,000) will be used to partially settle amounts due in respect of the acquisition of subsidiaries
- Nine hundred and sixty one thousand Euro (€961,000) will be used to extinguish existing bank overdraft and loan facilities
- Six hundred and fifty nine thousand Euro (€659,000) will be used to settle outstanding amounts due in respect of the acquisition of CFI
- One million, one hundred and eighteen thousand Euro (€1,110,000) will be retained within the CC Finance Group as working capital
Calamatta Cuschieri Finance PLC, the Issuer, was set up and established to act as a finance company and holding company of the CC Finance Group. The Issuer is the parent company of the CC Finance Group, which holds various investments through its subsidiary companies.
CC Finance Group’s main revenue is dependent on five diversified pillars, Investment Services, online trading, Wealth & Fund Management, Fund Administration and Capital Markets.