Ben Funk, a partner at Liongate Capital Management, a hedge fund company which manages over $2.5 billion, was in Malta on Monday for the official opening of the company’s local office. Liongate has been in Malta for the past 18 months and Dr Funk is full of praise for what the country has to offer in the [...]

International Hotel Investments plc (IHI) has announced the issue of a EUR25m 10-year bond bearing an interest rate of 6.25 per cent per annum. The bonds are redeemable in 2020 but may be redeemed earlier, as from 2017 at the issuer’s option.
The proceeds from the bonds will be principally used to redeem the outstanding amount [...]

The financial services sector has grown by 22 per cent over the 12 months to last September, and Finance Minister, Tonio Fenech, said he believes there is still a lot of potential growth, especially in such value added areas as portfolio management, fund administration and captive insurance.
Mr Fenech was addressing the Fimbank Trade Finance and [...]

The government is expected to sell €550 million worth of stocks this year, the treasury announced on Wednesday.
The money raised will be used to redeem 4 Malta Government Stock (MGS), totalling €191 million which are due to mature in February, June and July.
The remaining money will be used to finance the government borrowing requirement and effecting [...]

Fitch Ratings has affirmed Bank of Valletta’s long-term issuer default rating at ‘A-’ with a stable outlook.
Fitch simultaneously affirmed BOV’s short-term IDR at ‘F2′, Individual Rating at ‘C’, Support Rating at ‘2′ and Support Rating Floor at ‘BBB+’.  Fitch said that the ratings reflected BOV’s conservative management, satisfactory liquidity and healthy capital ratios. They also factor in [...]

As part of its strategy to lead international business, HSBC Malta is supporting Malta Enterprise to attract trade between Malta and India. As Malta Enterprise’s [...]