€8,000,000 Bond Is­sue launched by Dizz Fi­nance

Malta Independent - - BUSINESS | CLASSIFIEDS -

Dizz Fi­nance, a com­pany form­ing part of the DIZZ Group, op­er­a­tors of cloth­ing fran­chises Ter­ra­nova, Liu Jo and Cal­liope, among oth­ers, has an­nounced the is­sue of an €8 mil­lion un­se­cured bond, fol­low­ing ap­proval from the Malta Fi­nan­cial Ser­vices Au­thor­ity.

The bonds carry an in­ter­est rate of five per cent and are re­deemable in 2026. The bonds are be­ing is­sued by Dizz Fi­nance with the joint and sev­eral guar­an­tee of Dizz Group of Com­pa­nies, the par­ent com­pany of the DIZZ Group.

The Dizz Group was set up by en­tre­pre­neur Diane Izzo in 2000 and cur­rently em­ploys 140 full­time staff.

“This is a huge mile­stone for our group of com­pa­nies and fol­lows a se­ries of other achieve­ments we have made through­out the past year where we have broad­ened our fash­ion of­fer­ing sub­stan­tially and in­vested heav­ily into the re­tail ex­pe­ri­ences of our shops,” said Ms Izzo.

The Group now op­er­ates 19 out­lets across Malta, con­cen­trated in the St. Julian’s, Val­letta and Sliema area. Hav­ing opened a Ter­ra­nova mega­s­tore in Ik­lin in June, the Group is now sched­uled to open an­other in Fgura in the com­ing days.

In ad­di­tion to the afore­men­tioned brands, the Group re­cently ac­quired the brands GUESS, 7 Cam­i­cie, Michael Kors and Brooks Brothers, as well fur­ther high-end fran­chises, namely Elis­a­betta Franchi and Max & Co., the Group is cur­rently in the process of ac­quir­ing rep­re­sen­ta­tion rights for a num­ber of other high-end brands.

Dizz Group also op­er­ates a beauty prod­uct out­let at Tigne Point (The Make Up Store) and four cafe­te­rias through the rep­re­sen­ta­tion of the Ital­ian fran­chise Caffé Pas­cucci.

The Group is cur­rently in the process of ac­quir­ing a com­mer­cial prop­erty in Gzira with a view to con­vert­ing same into the fifth Caffé Pas­cucci out­let.

The re­tail busi­ness of the Group is com­ple­mented by the real es­tate in­ter­ests of Dizz Fi­nance, through which the Group man­ages a port­fo­lio of prop­er­ties held pri­mar­ily for rental in­come and cap-ital ap­pre­ci­a­tion.

Dizz Fi­nance has re­cently ob­tained the ap­proval of the Malta Fi­nan­cial Ser­vices Au­thor­ity for an €8,000,000 bond is­sue. The Bonds will be is­sued at par with a nom­i­nal value of €100 each. A min­i­mum hold­ing of €3,000 in Bonds ap­plies.

The Bonds will have a term of ten years, re­deemable in Oc­to­ber 2026. In­ter­est is to be paid an­nu­ally in Oc­to­ber, with the first in­ter­est pay­ment date be­ing on or around 7 Oc­to­ber 2017.

The pro­posed Bond Is­sue is un­se­cured and not un­der­writ­ten, but is guar­an­teed by Dizz Group of Com­pa­nies, the par­ent com­pany of the DIZZ Group.

Copies of the Prospec­tus are avail­able on the web­sites de­tailed be­low, as well as from the fol­low­ing ad­dresses: • Dizz Fi­nance Dizz Build­ings, Triq Il-Har­ruba, Santa Ven­era, SVR 1701, Malta. www.dizz.com.mt or • Fi­nan­cial Plan­ning Ser­vices 4, Ma­rina Court, G. Cali Street, Ta’ Xbiex XBX1421, Malta. www.bonello­fi­nan­cial.com Hard copies of the Prospec­tus are also avail­able from the Au­tho­rised Fi­nan­cial In­ter­me­di­aries as listed in An­nex I of the Se­cu­ri­ties Note form­ing part of the Prospec­tus dur­ing nor­mal busi­ness hours (8:30am to 5pm). Ap­pli­ca­tions must be lodged with any said Au­tho­rised Fi­nan­cial In­ter­me­di­ary.

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