Charlot Zahra Premier Capital Limited, the company that took over as Development Licensee for McDonalds in Malta n May 2005, will be issuing a bond issue in the next two months to finance the food chain’s expansion in the Baltics.
Speaking during an extensive interview with Business Today, Melo Hili, Managing Director, Premier Capital Limited, announced the €20 million bond issue.
Asked by Business Today whether, with 2,400 employees at present and a turnover of €50 million last year, did Premier Capital have any plans to float on the Malta Stock Exchange (MSE) or not, Hili said: “No, currently we not have any plans to float shares on the MSE.
“However we have plans to go to the bond market. We’re planning a bond issue in the local market,” Hili told Business Today.
The Premier Capital boss explained that the company had submitted an application to the local authorities in Malta “and we plan to issue bonds within the coming of months”.
Pressed further by BT about the size of the bond issue, Hili told this paper that the bond issue would be “around €20”.
“The majority of that will be used to fund the expansion of the various restaurants and the re-modelling of others in the next 24 months,” the Premier Capital Limited boss told BT.
Hili explained that the potential for expansion in the Baltic States for McDonalds was large in view of the large population of the three countries when compared to Malta.