MIDI plc Secured Bonds Oversubscribed
Subscriptions to MIDI’s €50 million 4% secured bonds 2026 closed shortly after opening last Monday 18th July after applications exceeded €100 million.
Commenting on the outcome of the Bond Issue, the second for MIDI p.l.c. to date, Group CEO Luke Coppini said: “ We are very satisfied with the response received and with the exceptional market take-up and would like to thank MIDI Shareholders & Bondholders, financial intermediaries and the general public for their support in the Bond Issue and the confidence shown in the Company’s future prospects.”
The Company will be announcing the allocation policy in the coming days. The bond issue was managed by Bank of Valletta p.l.c., with Charts Investment Management Service Ltd as sponsor.
- July 21, 2016 No comments Posted in: Business Tags: Midi, bonds, oversubscribed
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