Central Business Centres plc (CBC) has announced plans to issue a new €30 million bond, pending regulatory approval from the Malta Financial Services Authority (MFSA).

In a company announcement, CBC confirmed that it has filed an application with the MFSA for the admissibility to listing of €30,000,000 5.7 per cent unsecured callable bonds maturing between 2030 and 2035, each having a nominal value of €100.

Subject to the necessary approvals, the new bonds will be listed and traded on the Official List of the Malta Stock Exchange.

The company said the bonds will be made available for subscription to holders of its existing debt instruments, namely:

• Around €3 million in unsecured bonds issued under a base prospectus dated 5th December 2014, and
• €3.25 million in unsecured zero-coupon callable notes issued pursuant to an offering document dated 13th August 2024.

These investors will have the option to surrender all or part of their existing holdings in exchange for an equivalent number of new bonds.

The record date for eligibility has been set for 23rd October 2025.

CBC added that trading in the existing bonds will be suspended at the close of business on 21st October 2025 (today) until further notice.

Full details of the new issue will be made available in a prospectus once approved by the MFSA.

This latest announcement follows CBC’s request in August to extend the redemption of its €3.25 million Zero Coupon Unsecured Callable Notes 2025. At the time, investors approved a proposal to postpone both the callable period and the full-term redemption date to 28th February 2026. The company had explained that it was “actively pursuing a long-term financing solution” to cover recent property acquisitions, existing debts, and a promise-of-sale agreement for another commercial property. 

The newly announced €30 million bond issue appears to be part of that long-term refinancing plan.