updated 9:14 AM EDT, Oct 16, 2017

Eden Finance P.L.C. formally announced the early redemption of 6.6% bond and issue of €40,000,000 unsecured bonds at 4%

Early redemption of €13,984,000 6.6% bonds 2017-2020 and the issue of €40,000,000 4% Unsecured Bonds 2027 guaranteed by Eden Leisure Group Limited

Eden Finance p.l.c. (the “Company”) announces that the €13,984,000 6.6% Bonds 2017-2020 (MT0000141219) (hereinafter referred to as the “Existing Eden Bonds”) will be redeemed on 16 June 2017, this being the first early redemption date provided for in the prospectus issued by the Company on 10 May 2010.

Furthermore, following regulatory approval, the Board of Directors is pleased to announce the issue by the Company of €40,000,000 unsecured bonds due in 2027, with an interest coupon of 4% payable annually in arrears (the “Bonds”). The Bonds are guaranteed by Eden Leisure Group Limited.

In this respect, the Company is giving preference to holders of the Existing Eden Bonds who appeared on the register of bondholders as at close of business on 27 March 2017 (the “Cut-Off Date”) to subscribe to the Bonds by surrendering their Existing Eden Bonds. The said holders of Existing Eden Bonds may also subscribe for additional Bonds. The minimum subscription in terms of this Bond Issue is €2,000.

The Bonds have a nominal value of €100 and are being issued at €100 per bond. The Bonds will be redeemed on 28 April 2027 at €100 per Bond. Application has been made for the Bonds to be admitted to the Official List of the Malta Stock Exchange.

Full details of the Bond Issue are set out in the Prospectus dated 27 March 2017, copies of which may be obtained from Authorised Financial Intermediaries as from 3 April 2017, or downloaded from the Company’s website www.edenleisure.com. Application forms will be mailed to holders of Existing Eden Bonds tomorrow, 29 March 2017.

  1. Summary Note
  2. Registration Document
  3. Securities Note
  4. Financial Analysis Summary

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