Hili Finance Company plc has confirmed that it has been granted regulatory approval by the Malta Financial Services Authority (MFSA) for the admissibility to listing of its upcoming €60 million unsecured bond issue, redeemable in 2033.

The bonds, guaranteed by Hili Ventures Limited, will carry an annual interest rate of 5 per cent and a nominal value of €100 per bond.

The issue will be officially launched on 7th January 2026, with the Offer Period running until 28th January 2026, or earlier in the event of oversubscription.

The Prospectus, dated 12th December 2025, will be available from 23rd December 2025 on the company’s website or from authorised financial intermediaries.

Nonetheless some information was made available in the Securities Note. 

Use of proceeds

Net proceeds from the issue, estimated at €59 million, will be on-lent by the issuer to the guarantor and deployed according to the following priorities:

1. Up to €32.5 million: Allocated to the exchange and cancellation of older Premier Capital Bonds for bondholders opting for the Exchangeable Bond Transfer mechanism (with the option of cash top-ups).
2. Approximately €1.6 million: To part-finance the acquisition a property in Ħamrun.
3. Approximately €3.5 million: To part-finance development and refurbishment works at the hotel on Battery Street in Valletta.
4. Up to €35 million: Depending on prior allocations, this amount will be directed towards part-financing and refinancing capital expenditure related to the expansion of iSpot’s retail operations in Poland. This includes both historic and planned capex for store openings and general store upgrades.
5. Up to €18 million: Any remaining balance will be used for the general corporate funding purposes of the group.

Strong recent activity across Hili Group’s capital markets footprint

The planned issue comes shortly after Hili Properties plc redeemed its €37 million 4.5 per cent Unsecured Bonds 2025 in October, marking the completion of its latest bond cycle.

That redemption followed a robust interim performance, with the company reporting higher operating profit, EBITDA and profit before tax for the first half of 2025.

The Hili Group has also seen strong historical demand for its fixed-income instruments. In 2024, the €80 million five-year bond issued by Hili Finance Company was oversubscribed within hours of opening – signalling strong market confidence in the group’s creditworthiness and the guarantee structure provided by Hili Ventures.