db Group’s €33 million bond fully subscribed

A €33 million unsecured bond issued by SD Finance p.l.c. has been fully subscribed, reflecting strong investor confidence in one of Malta’s largest business groups.

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.