The bonds, carrying a coupon of 5.2 per cent and maturing in 2031, were issued earlier this month following approval of the prospectus on 3 October, 2025. This is the first tranche of a €60 million bond programme announced by the Group, with a second €27 million issue planned for 2026.

The proceeds will support db Group’s ongoing expansion both in Malta and overseas. db Group has recently announced new hospitality and real-estate investments, including its partnership in the United Arab Emirates for the Hard Rock Hotel & Residences Ras Al Khaimah — a landmark international project — and recently opened Aki London, its first overseas restaurant.

The successful bond subscription follows a record financial year for the Group. For the year ending March 2025, db Group reported a turnover of €99.2 million, an increase of 11.8 per cent over the previous year. EBITDA rose by 15.03 per cent to €35.79 million, while net profit from operations reached €18.6 million. The Group’s net asset value grew 15 per cent to €241 million, with total assets now standing at €591 million.

The Board of Directors of SD Finance p.l.c. expressed its gratitude to investors for their continued trust and confidence.

“We are delighted with the market’s response. This full subscription confirms the strong faith investors have in db Group’s financial stability, business model, and long-term vision,” db Group CEO Robert Debono said.

Today, the db Group has a footprint in sectors including tourism, hospitality, real estate, and food & beverage. Its portfolio includes Seabank Resort & Spa, San Antonio Hotel & Spa, Melior Boutique Hotel and several global brands such as Hard Rock International, Starbucks, and GROM. The Group also operates a range of acclaimed restaurants and venues including Colette Brasserie, Aki, Loa, Manta, Veràni, Amami and Tora.

Founded in 1984, db Group has grown from a small family-run guesthouse into one of Malta’s most prominent business enterprises. The full subscription of its latest bond issue underscores its solid reputation among investors and its continued role in driving growth across Malta’s hospitality, leisure, and international ventures.

The post db Group’s €33 million bond fully subscribed first appeared on The Malta Business Weekly.

The acquisition, subject to regulatory and shareholder approvals, will see BMIT Technologies purchase 49,642,139 ordinary shares in MPC at €0.51 per share. This shareholding represents nearly half of MPC’s issued capital and includes key infrastructure assets that support Malta’s telecommunications and technology sectors.

Speaking about the agreement, Nikhil Patil, Chairman of BMIT Technologies and CEO of GO plc, the parent company of BMIT Technologies, stated: “This acquisition aligns perfectly with our long-term vision of integrating digital infrastructure with technology-driven services. It enables us to secure a stronger and more direct influence over critical digital infrastructure. By expanding our presence in this space, we are enhancing our ability to support Malta’s digital economy in a sustainable and resilient manner.”

MPC owns and manages a strategic portfolio of commercial properties, many of which are essential for telecoms and ICT operations. The deal is expected to deliver added value through diversification of revenue streams and increased financial stability.

Christian Sammut, CEO of BMIT Technologies, commented: “This is a transformative step for BMIT Technologies. By acquiring a substantial shareholding in MPC, we are not just investing in property—we are investing in the infrastructure that underpins Malta’s digital future. The combination of our technical expertise with MPC’s asset base presents new opportunities for synergies, innovation, and long-term growth.”

The transaction is contingent on several conditions precedent, including the necessary  regulatory clearances, and  shareholder approval. These conditions are expected to be fulfilled by the end of 2025.

BMIT Technologies anticipates that this acquisition will further reinforce its strategic positioning as a leading provider of digital infrastructure and cloud-based services, complementing its existing service portfolio with physical infrastructure ownership. The company’s move also underscores its commitment to long-term value creation for shareholders and stakeholders alike.

The Board of Directors of BMIT Technologies has unanimously approved the transaction following a detailed review by the Audit Committee, in line with Capital Markets Rules governing related party transactions.

The post BMIT Technologies signs agreement to acquire 49% stake in Malta Properties Company plc first appeared on The Malta Business Weekly.

A highly respected figure in the banking industry, Mr Watkinson brings with him nearly 40 years of experience in the financial services sector (34 of which were with the HSBC group) and between 2011 and 2015, Mr Watkinson was CEO and Director of HSBC Malta Ltd.

“Mark’s appointment is a significant vote of confidence for Moneybase and underscores our commitment to operate at the highest standards of governance, compliance, and customer excellence, while attracting top-tier talent from across the financial industry,” said Mr Alan Cuschieri, CEO and Founder of Moneybase.

“Mark’s strategic insight, extensive expertise in banking and finance, his understanding of the industry and commitment to operational excellence align perfectly with Moneybase’s vision as it continues to innovate and expand its services in the financial sector. We are excited to leverage his leadership as we strengthen our position in the market and drive our commitment to excellence,” added Mr Cuschieri.

“I am delighted to join the Moneybase board and look forward to contributing to the growth of the business and its strategic imperative of transforming the financial experience for clients,” said Mr Watkinson.

The appointment is subject to the MFSA’s approval. Moneybase Limited is licensed by the MFSA to transact the business of a Financial Institution in terms of the Financial Institutions Act, Cap 376.

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A dedicated “Investments” tab was added, giving businesses direct access to their investment portfolios from their desktop. Customers are now able to view investment balances and positions across different dates and export reports in formats such as PDF, CSV and Excel.

The update provides access to key investment information including ISIN, quantity held, unit and total cost, asset class, market value, investment currency and performance indicators such as unrealised gains or losses. Details on industry group and sector are also available.

This enhancement allows customers to manage their investments more independently, removing the need to visit a branch or wait for quarterly statements.

While access via the myAPS Mobile App (iOS and Android) will be available at a later stage, the desktop version already offers real-time, secure and convenient visibility.

Noel McCarthy, chief Investments officer at APS Bank, said: “We continue to listen to our customers and improve the tools they use. This feature was developed to give corporate customers easier and faster access to their investment data, helping them make timely and informed decisions.”

The post APS Bank introduces new online feature for corporate investment customers first appeared on The Malta Business Weekly.

Jesmond Mizzi Financial Advisors is pleased to share that Janus Henderson Investors – the global asset manager it represents in Malta – has been appointed by one of the largest life insurers in the United States to manage a $45 billion investment grade public fixed income portfolio.

The appointment follows a landmark strategic partnership between The Guardian Life Insurance Company of America® and Janus Henderson. Under the agreement, Janus Henderson will manage Guardian’s investment grade corporate and securitised credit portfolio within its general account.

The partnership also sees Guardian commit up to $400 million in seed capital to support the development of new fixed income products managed by Janus Henderson, particularly in securitised credit and active fixed income ETFs. With this mandate, Janus Henderson will now manage over $147 billion in fixed income globally, including more than $109 billion on behalf of insurance clients.

The collaboration extends to the co-development of proprietary multi-asset solution model portfolios for Guardian’s broker-dealer and investment advisory network, Park Avenue Securities, which oversees nearly $59 billion in assets.

“This appointment cements Janus Henderson’s position as a leading global manager in investment grade credit and insurance mandates, and we are proud to represent them in Malta,” said Jesmond Mizzi, Managing Director of Jesmond Mizzi Financial Advisors.

The transaction is expected to close by the end of Q2 2025.

For more information about Janus Henderson’s capabilities in Malta, visit www.jesmondmizzi.com.

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The Guaranteed Investment Plan 2028 is the latest savings solution, providing customers with the opportunity to grow their savings with a guaranteed return after a fixed three-year term.

Available for subscription until the 29th May 2025 – or earlier if fully taken up – the Guaranteed Investment Plan 2028 offers a fixed return of 6.15% after three years, equivalent to an annualised return of 2.01%.  Customers who hold the investment until maturity are guaranteed the return of their full initial contribution, together with the fixed return, secured by MAPFRE INVERSIÓN SV, SA.

The Plan, manufactured by MAPFRE MSV Life and distributed by Bank of Valletta, is designed for individuals seeking a low-risk investment option that provides certainty, capital protection, and a defined return at maturity.

Commenting on the launch, Alex Bezzina, Head Insurance Services & Pensions at Bank of Valletta, said, “In a world where economic conditions can change rapidly, our customers increasingly seek security for their hard-earned savings. The Guaranteed Investment Plan 2028 provides a simple yet highly effective solution – offering both a guaranteed return and peace of mind. At Bank of Valletta, we remain committed to delivering products that help customers plan their future with greater confidence.”

Simon Azzopardi, Chief Personal and Wealth Officer at Bank of Valletta, added, “At BOV, we place our customers’ financial well-being at the heart of everything we do. We understand that many savers are looking for opportunities that offer stability and transparency. With the Guaranteed Investment Plan 2028, we are providing a strong, reliable option for those who want a guaranteed outcome without the complexities often associated with investment products. This launch continues to strengthen our position as a trusted partner for all our customers’ banking and investment needs.”

Designed around customer needs

The Guaranteed Investment Plan 2028 is denominated in euro and provides an accessible investment opportunity for a wide range of customers. The offer is open for a limited time only, and subscriptions may close earlier if the maximum volume is reached. Therefore early subscription is recommended.

By offering a guaranteed outcome backed by reputable and regulated financial institutions, Bank of Valletta continues to demonstrate its commitment to supporting customers in achieving their financial goals while ensuring maximum security.

Customers who wish to learn more about the Guaranteed Investment Plan 2028 are encouraged to speak to their Relationship Manager for further information.

The post Bank of Valletta offers the Guaranteed Investment Plan 2028 to its customers first appeared on The Malta Business Weekly.

€60 million in Bonds will be reserved for subscription by Bondholders and Shareholders of the Bank (holding specific Bonds and Shares as listed in the Final Terms) as well as employees of the Bank or any of its subsidiaries. €25 million in Bonds will be reserved for subscription by professional clients and eligible counterparties, each as defined in the conduct of business rulebook issued by the MFSA, while the remaining €15 million in Bonds will be reserved for subscription by the general public. Any portion not fully subscribed in any one of the planned allocations will be made available for subscription to the remaining allocations. Applications will be accepted between and including 22^nd October 2024 and 19^th November 2024. The Bank reserves the right to close the offer of Bonds earlier with respect to any one or more classes of applicants (depending on the total level of subscription in the Bonds).

Speaking about the Bond issue, BOV Chairman Dr Gordon Cordina stated, “I am pleased to announce the regulatory approval of a Medium Term Bond Programme of up to €250 million. The issue will support the Bank’s efforts to achieve its ambitious strategic plan, its medium and long term vision, and its commitment towards sustainable growth. We continue on our journey to sustain Bank of Valletta’s strong financial standing, strengthen our capital base and maintain a strong balance sheet, while at the same time offering value to the investor market and to our loyal shareholders and bondholders.”

Reiterating the Chairman’s comments, CEO Kenneth Farrugia expressed satisfaction on the achievement of yet another important milestone. “This Bond issue by Bank of Valletta is a clear signal to the market of the Bank’s confidence in its future growth strategy. We continue to build on years of experience in the financial services industry, on the elevated customer experience that we are offering, the innovation we are spearheading, and on the success that the Bank has come to be associated with. We renew our commitment to our customers, our people and all our stakeholders, who continue to place their trust in the Bank. The issue of the Medium Term Bond Programme is another step in the Bank’s plans to strengthen its position as Malta’s Bank of Choice.”

Applications will be subject to a minimum subscription amount of €10,000 and in multiples of €100 thereafter with the exception of applications by professional clients and eligible counterparties, which will be subject to a minimum subscription amount of €100,000 and in multiples of €100 thereafter. Applications for Bonds by retail clients will be subject to a suitability test conducted by the authorised financial intermediary irrespective of the investment service being provided. The Base Prospectus and Final Terms will be available for download from (https://www.bov.com/bond-prospectus) as from 11 October 2024. Printed copies of these documents will be available from Authorised Financial Intermediaries as from 22 October 2024.

The post BOV announces issue of up to €100 million 5% unsecured subordinated bonds (2029-2034) first appeared on The Malta Business Weekly.

Marsamxett Properties Ltd. began acquiring shares in Tigné Mall plc last year, amassing a total of just over 49.68% of the share capital before launching a bid to buy out remaining shareholders through a voluntary public offer.

The offer period closed on Monday, with the holders of 25,483,208 shares – just over 45.18% of the total share capital – accepting to sell their holding, including the second largest institutional shareholder, Mapfre MSV Life plc, which has a 35.56% stake.

This will bring Marsamxett Properties Ltd’s total holding in Tigné Mall plc up to just under 94.87%, which will become effective once payment has been transferred to the outgoing shareholders, not later than October 22. After this, Marsamxett Properties Ltd will exercise its right under the Capital Markets Rules to squeeze out the remaining shareholders and apply to de-list the company.

This investment is the first retail complex in the group’s Malta portfolio, underlining its commitment to maximising commercial and value potential of its assets, while instilling confidence in its homebase.

Hili Ventures is a diversified group active in food service, retail, real estate, hospitality, shipping, oil and gas, engineering, and technology. Through its various subsidiaries, the group owns a vast portfolio of commercial real estate assets across Europe, including shopping centres, healthcare facilities and office buildings.

The post Hili Ventures subsidiary to acquire all remaining shares in Tigné Mall plc first appeared on The Malta Business Weekly.

“2023 was an eventful year in which we streamlined our business, expanded our most successful operation, and sharpened our focus, leading us to achieve an unprecedented €282 million in revenue,” said Chairman David Bonett.

1923 Investments is the holding company behind iSpot, Poland’s largest Apple Premium Reseller business. Following the acquisition of its largest competitor Cortland in March last year, iSpot now has a network of 48 Apple Premium Resellers and service points across major Polish cities. In 2023, the Apple business contributed to more than 90% of total group revenue.

Through a joint venture, 1923 Investments also operates four Apple Premium Resellers in Hungary under the iCentre brand. It holds a majority stake in Malta-based Harvest Technology plc, a provider of IT solutions, security systems and electronic payment solutions. Over the last 12 months, the company divested its shareholding in E-Lifecycle Holdings and Hili Logistics.

During the year ending 31 December 2023, 1923 Investments’ consolidated revenue increased by over 40% to €281.8 million, compared to €197.5 million in the previous year. This was bolstered by two main factors: the Cortland acquisition, and a 10% increase in organic revenue due to strong retail performance at iSpot.

EBITDA reached €17.9 million and 1923 Investments closed the year with profit before tax from continuing operations of €7.3 million, compared to €4.3 million in 2022.

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The new 62+ MGSB – Issue 2024 shall be issued with the same terms as the existing 62+ MGSB – Issue 2019 save for the interest rate which shall be at 3.35% per annum fixed for the 5-Year term. The new 62+ MGSB – Issue 2024 shall be issued as set out in the prospectus published on the 23^rd of February 2024.

Arrangements for Rollover

A pre-printed Application Form showing the nominal amount held in the 62+ MGSB – 2019 is being sent by the Accountant General to all the holders of the 62+ MGSB – Issue 2019 whose name appeared on the register at close of business of Friday the 23^rd of February 2024 (the cut-off date).  Holders who wish to rollover their holdings should sign the Application Form and send it to the Registrar in the self-addressed envelope provided with the Application Form. Application Forms are to be sent by NOT LATER THAN close of business of Wednesday, the 6^th of March 2024.

Bondholders who do not wish to rollover their holdings do not need to do anything and will receive the whole redemption proceeds on the 20^th of March 2024 (maturity date). 

Bondholders of the 62+ MGSB – Issue 2019 electing to rollover their holdings in the New Bond shall be registered as holders of the of the new 62+ Malta Government Savings Bonds – Issue 2024 with effect from the 20^th of March 2024.

Terms of the new 62+ MGSB – Issue 2024

The terms of the issue are similar to the terms and conditions of the 62+ Malta Government Savings Bonds issued in previous years except for the interest rate which shall be 3.35% per annum for the whole five-year term of the Bond maturing in the year 2029. The Bond cannot be negotiated, assigned, transferred onto any other individual or pledged.

Interest will be paid semi-annually in arrears on the 20^th of March and on the 20^th of September of every year during the term of the Bond. Bondholders may withdraw the whole amount invested before the 20^th of March 2029 (the maturity date) subject to a penalty equivalent to three (3) months gross interest on the principal amount withdrawn at the interest rate paid by the Bond.

More information can be found in the prospectus which is now available and can be downloaded from the Treasury’s website at www.treasury.gov.mt.​

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