“PLAN Group Announces First Tranche of €40 Million Secured Bond Programme…”

PLAN Group plc is a dynamic and expanding organisation comprising a diversified portfolio of companies operating across Malta’s care and property development sectors. The Group is dedicated to delivering state-of-the-art residential and care facilities, combining innovative design with exceptional build quality to meet the evolving needs of the local market.

Built on a foundation of quality, customer focus, teamwork, trust, and growth, PLAN Group has earned a strong reputation for architectural excellence, functional design, and superior standards of construction. Its developments consistently reflect a balance of aesthetic appeal and practical value, contributing to the enhancement of Malta’s built environment.

Founded and led by Paul Attard, a seasoned entrepreneur with over 20 years of experience in the property industry, the Group’s success is driven by a steadfast commitment to value for money, reliability, and timely delivery. Under Attard’s vision and leadership, PLAN Group has expanded its portfolio beyond residential development into the healthcare and elderly care sectors, notably through the establishment of Golden Care in Naxxar and Porziuncola by Golden Care in Baħar iċ-Ċagħaq—two of Malta’s most reputable and sought-after care facilities.

In 2023, Paul Attard unified his business ventures under a single corporate framework — PLAN Group plc — consolidating the Group’s resources, expertise, and strategic direction to enable sustainable growth, long-term investment, and operational excellence.

Proceeds from the €28 million secured bond issue will support PLAN Group’s next phase of expansion, primarily financing strategic property acquisitions and new development projects that align with the Group’s commitment to innovation, community value, and quality.

Bond Details

Issuer	PLAN Group plc
Issue Type	Secured Bond Programme
Programme Size	€40,000,000
Series / Tranche	Series 1 – Tranche 1
Bond Issue Size (Series 1)	Up to €28,000,000
Coupon Rate	5.1% per annum
Issue Price	€100 per bond, issued at par
Minimum Subscription	€2,000 and in multiples of €100 thereafter
Maturity Date	19 November 2030
Callable Period	Any date between 19 November 2028 and 18 November 2030
Offer Opening Date	27 October 2025
Offer Allocation	The full amount (up to €28,000,000) is reserved for Authorised Financial Intermediaries under the Intermediaries’ Offer. Full details are available in the Base Prospectus dated 17 October 2025and the Final Terms dated 22 October 2025, accessible on the PLAN Group website.

If interested in participating, please contact us on 20908100 and our team will be happy to assist you.

Bank of Valletta Secures MFSA Approval for €325 Million EMTN Programme

Bank of Valletta p.l.c. (BOV) has obtained approval from the Malta Financial Services Authority (MFSA) to list a new Unsecured Euro Medium Term Note (EMTN) Programme with an aggregate value of up to €325 million.

The initial issuance under this programme will comprise up to €100 million in 5% unsecured subordinated bonds maturing between 2030 and 2035. The Bank has the option to increase the total offer to €125 million through an Over-Allotment Option, should investor demand exceed expectations. The bonds will be open for subscription by the general public.

This latest bond issue follows the success of BOV’s €150 million unsecured subordinated bond launched earlier this year, which was fully subscribed within days and became the largest corporate bond ever issued on the Maltese market.

According to the Final Terms dated 17 October 2025, the net proceeds from the issue will be primarily used to strengthen BOV’s compliance with the Minimum Requirement for Own Funds and Eligible Liabilities (MREL)—a key EU regulatory standard under the Banking Resolution Directive—and to further reinforce the Bank’s capital base in support of its projected balance sheet growth.

The funds will enable BOV to expand its lending capacity, pursue new investment opportunities, and enhance its resilience and regulatory position. A portion of the proceeds may also be directed towards general financing needs, ensuring operational flexibility and supporting the Bank’s long-term sustainability objectives.

Commenting on the development, Dr Gordon Cordina, Chairperson of Bank of Valletta, described the EMTN Programme as a reflection of the Bank’s strong financial standing and confidence in its strategic direction.

“The purpose of this programme is to further consolidate the Bank’s capital position, primarily in support of our forecasted balance sheet growth in line with the 2024–2026 strategy,” Dr Cordina stated.

Kenneth Farrugia, Chief Executive Officer of BOV, emphasised the Bank’s robust market position and credit strength, supported by favourable international ratings from Fitch and S&P Global.

“Through the launch of this new EMTN Programme, we aim to further strengthen our capital structure and reinforce our position as Malta’s leading bank of choice,” Mr Farrugia said.

APS Bank Confirms MFSA Approval and Launch of Rights Issue

APS Bank plc has announced it will move ahead with a Rights Issue following the Malta Financial Services Authority’s (MFSA) approval of both the Prospectus and the admission of the new shares to trading on the Malta Stock Exchange.

Shareholders appearing on the register as of 6 October 2025 will be given the right to purchase three new shares for every eleven currently held, at an issue price of €0.44 per share. The subscription window for this offer will be open from 27 October to 14 November 2025.

Each eligible shareholder will receive a personalised pack containing an information booklet and provisional allotment letter. Through this, investors may choose to take up their full entitlement, transfer part of it, or renounce it altogether. Those opting to subscribe in full will retain their existing shareholding level, while partial or non-participation could result in a dilution of up to 21.4%, depending on the uptake of excess shares by other investors.

Once the Rights Issue is completed, any shares that remain unallocated will be made available to the public under an Intermediaries’ Offer. Priority in this phase will be given to APS Bank bondholders, directors, and employees, with a minimum application of 1,000 shares, also priced at €0.44 per share. This offer is scheduled to run from 24 November to 5 December 2025, though the Bank reserves the right to close it earlier.

APS Bank noted that allocation will first favour existing shareholders and participants in the pre-placement stage, followed by preferred applicants and, finally, the general public should any shares remain unsubscribed.

Hili Properties completes €37 million bond redemption

Hili Properties plc has fully redeemed its €37 million 4.5% Unsecured Bonds 2025, which reached maturity on 16 October 2025.

The redemption follows a positive first half of the year for the property group. Its interim results for the six months to June 2025 show profit before tax rising to €2.78 million from €2.55 million in the same period last year. Operating profit increased to €6.3 million, while EBITDA climbed to €6.36 million compared to €5.93 million in 2024.

At the company level, Hili Properties posted a pre-tax loss of €1.76 million, widening from €836,630 in the first half of 2024, mainly due to higher financing costs following the acquisition of Băneasa SRL in Romania. Total assets were valued at €90 million, compared to €92 million at the end of 2024.

Looking ahead, the group said it will continue to focus on strengthening its financial position amid a challenging environment marked by high interest rates and geopolitical uncertainty. Management noted that the successful repayment of the €37 million bond, supported by prudent refinancing and liquidity planning, highlights the company’s resilience and disciplined financial management.

In a statement, the company’s board thanked bondholders for their trust and commitment over the bond’s term, and also extended its appreciation to authorised financial intermediaries for their ongoing support.

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