db Group announced that its €60 million unsecured bond issuance programme, split into three tranches, has been fully subscribed.

The Group confirmed that Tranche 2, consisting of €20 million in 5.20 per cent unsecured bonds, and Tranche 3, consisting of €7 million in 5.20 per cent unsecured bonds, have both been fully subscribed.

In view of the full subscription, the offer to the general public, which had been scheduled to open on 14th May 2026, will not take place.

This follows the full subscription of the initial €33 million tranche issued in October 2025, bringing the total amount raised under the programme to €60 million.

All three tranches form part of the same bond programme approved by the Malta Financial Services Authority in October 2025 and will be consolidated into a single series of €60 million 5.20 per cent unsecured bonds redeemable in 2031.

Most of the money raised through the three tranches – around €42 million – will be used to repay inter-company loans in connection with the development of the St George’s Bay Project.

A further €7 million will be used to repay an inter-company loan for the acquisition of the Xemxija Bay Hotel and some €10 million on general corporate funding purposes.