Shoreline Mall p.l.c. has announced the offer of €14,000,000 of 4 per cent Secured Bonds (Series A Bonds) at a nominal value of €100 issued at par redeemable in 2026, and €26,000,000 of 4.5 per cent Secured Bond (Series B Bonds) also with a nominal value of €100 issued at par redeemable in 2032.
The proceeds of the bond issue will be used for the construction of the Shoreline Mall project, which form part of the expansive Shoreline project in the south of Malta.
Ben Muscat, Chairman of Shoreline Mall p.l.c, commented on the bond issue, saying "not only are we providing one of the best-capitalised bond issues in Malta, but The Shoreline Mall will also offer a shopping experience like no other, supported by a spacious, secure and intelligent parking facility for ease of access and maximum convenience.”
“The Shoreline Mall is positioned to be one of the most modern and innovative malls on the Maltese Islands, creating a unique and sophisticated destination within SmartCity Malta,” Mr Muscat added.
The Shoreline Mall complex is a mixed-use development, consisting of approximately 25,000 sqm spread on two floors, including 44 separate outlets, several pop-up retail spaces, a food court, and three levels of underground parking with 848 parking spaces open to the public.