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 [...]

Raiffeisen Malta Bank has appointed Anthony C. Schembri and Christoph Rattasits as managing directors of the bank.
Mr Schembri acquired the warrant of accountant in 1991 and graduated with a Masters Degree in Financial Services from the University of Malta in 2000. He has been employed with the bank since 1997 and has previously occupied the [...]

The forthcoming double taxation agreement (DTA) between Hong Kong and Malta will open up huge new business opportunities, according to Alex Fong the CEO of the Hong Kong General Chamber of Commerce.

SmartCity Malta is expecting its first tenants to start operating by the middle of September, according to CEO Fareed Abdul Rahman who, however, stayed mum on their names.
Asked by The Times during a site visit by Infrastructure Minister Austin Gatt yesterday, Mr Abdul Rahman would not say which were the companies with which SmartCity has finalised contracts.
The [...]

Medavia, the aviation company, will be investing €10.5 million to build a new hangar and office block as part of its plan to expand its operations here.
The new 5,000 square metre hangar will be flanked by a 2,000 square metre office block, which will form part of the new aviation park on the outskirts of Safi.
Medavia, which [...]

Bank of Valletta plc’s €50 million 4.80 per cent subordinated bonds offer was over-subscribed on Monday. The offer closed within hours of opening on Monday morning.
The bank said that in view of the strong demand, the €20 million over-allotment policy will be exercised in full.
BoV’s offer was the largest ever corporate issue to be launched in [...]