OVERVIEW

HH Finance plc was set up in January 2018 to act as a financing and property-holding company, owned by Mr Hugo Chetcuti. HH Finance is an active player in the property market, with a preference for exposure in the hospitality sector.

HH Finance has issued a bond of €5m on the Prospects MTF Market. The 5% HH Finance plc Unsecured 2028 Bond is being issued in order to part finance the acquisition of a Hotel.

The newly acquired hotel is nestled in the beating heart of Malta’s night life scene, Paceville. It was purchased in an advanced shell stage, and the completion of the hotel has been tasked to the tenant operator, who will also take care of day to day running of the hotel. The new hotel has a total of 9 floors, and when completed will have 160 rooms. The Hotel also has an impressive roof entertainment area that includes a pool and a lounge bar/restaurant.

DETAILS

  • €5 millionissue size
  • 2028maturity
  • 5%coupon
  • Anually, Jan payment terms
  • MSE Prospectslisting type
  • RSMauditors

DOCUMENTS ON DISPLAY

Date Type Description Download
15 Feb 2018 Document Property Valuation Pdf
8 Mar 2018 Document Lease Agreement Pdf
12 Mar 2018 Document Deed Aquisition Pdf
12 Mar 2018 Document Memorandum Of Article Pdf
11 May 2018 Document Company Admission Document Pdf

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