PROSPECTS

FES Finance p.l.c. Prospects MTF Bonds admitted to the Malta Stock Exchange

Grant Thornton is pleased to announce that the €5,000,000 Secured Bonds launched on Prospects MTF by FES Finance p.l.c. with an annual 5% coupon have been fully subscribed. The Secured Bonds will mature in 2029 and are guaranteed by FES Projects Limited.

The principal activity of FES Projects Limited will be to acquire, manage and operate two boutique hotels in the prime locations of Gzira and St. Julian’s. Grant Thornton acted as Corporate Advisors for FES Finance p.l.c for which trading of its bonds commenced on Wednesday 3 April 2019.

As one of Malta’s leading accountancy and advisory companies, Grant Thornton was appointed as corporate advisors on Prospects MTF in 2016 and has since assisted six SME companies in raising a total of €29.3 million.