CF Estates Finance plc has redeemed its €4.9 million notes at final maturity, marking the conclusion of a financing structure first issued in 2024.

The company confirmed that the notes, which were fully subscribed upon issuance, have now reached their final redemption window, with bondholders receiving the full €100 nominal value per note in line with the original terms.

The notes were initially issued at a discounted price of €89.80 and structured without a traditional coupon. Instead, investors’ returns were embedded in the stepped redemption value, which increased progressively depending on when the bonds were redeemed.

The final redemption period, running between 21st December 2025 and 20th March 2026, offered the highest payout of €100 per bond – effectively delivering the full capital uplift to investors who held the notes to maturity.

Proceeds from the 2014 issuance were used for general corporate funding purposes and channelled to CF Estates Ltd, the guarantor of the notes. The bonds were secured by a pledge over the totality of issued shares in CF Estates Ltd, providing an additional layer of protection for investors.

CF Estates Finance plc acts as the financing arm of CF Estates, a real estate and hospitality group. At the time of issuance, the company’s largest shareholder and Executive Director was developer Joseph Portelli, holding a 30 per cent stake, alongside other shareholders each holding 17.5 per cent. Mr Portelli had exited the business in late 2025.