PLAN Group plc, one of the successors of GAP Group, has announced its intention to launch a Secured Bond Issuance Programme worth up to €40 million, pending approval from the Malta Financial Services Authority (MFSA).
Once regulatory approval is granted, PLAN Group plans to issue the first series and tranche of bonds, targeting €28 million. The bonds will carry a 5.1 per cent interest rate and will have maturities between 2028 and 2030.
The bonds are fully guaranteed by PLAN (BBG) Limited and PLAN Qawra Limited, providing additional security to investors.
Further details, including the publication of the base prospectus and final terms, will be made available following regulatory approval.
PLAN Group provides a diverse range of services, from the development and finishing of new homes to operating two care homes for the elderly.
Written By
Adel Montanaro
Adel Montanaro is a storyteller at heart, combining a journalist’s curiosity with a deep love for music and creativity. When she’s not chasing the next great story, you’ll find her at a local gig, brainstorming fresh ideas, or surrounded by her favourite people and pets.
