PTL Holdings plc bond issue heavily oversubscribed

Malta: PTL Holdings plc, the holding company of PTL International, announces that due to heavy oversubscription for the €36 million 5.1% Unsecured Bonds 2024, the subscription lists which opened on the morning of Monday, 24th November, closed soon after at 9.30.

Interest on the bonds commences on December 5 and refunds of allocated monies will be made by December 9. The bonds are expected to be admitted to The Malta Stock Exchange on December 10. Trading is expected to commence on December 11.

PTL Holdings plc will announce the basis of acceptance of applications and the allocation policy to be adopted by not later than Monday, December 1, 2014.

PTL Holdings plc thanks the investment community for its confidence in the company and its support of the bond issue.


The value of investment can rise as well as fall. Past performance is not necessarily indicative of future performance. Investors should seek the advice of an independent, authorised financial intermediary before deciding to invest in listed financial instruments.