On 2 November 2017, Virtu Finance p.l.c. published a Prospectus for the issuance of €25 million 3.75% unsecured bonds maturing in 2027.
Interest Payment Date:
Annually on 30 November
The Bond will mature at 100% (par) on 30 November 2027
Official List of the Malta Stock Exchange
Use of Proceeds:
The net proceeds from the Bond issue, estimated at approximately €24.55 million after issuance costs, will be used by the Issuer for part-financing the €75 million acquisition of a new high-speed vessel which, upon commencement of operation in mid-2019, will complement the JDLV along the Malta-Sicily route. The remaining funds required for the acquisition of the new vessel will be financed through bank borrowings amounting to €40 million, €7 million in shareholders’ loans together with a further €3.45 million from own funds.
For further information kindly visit: https://virtu.com.mt/subsidiaries/virtu-finance-p-l-c/