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Trust acts back-to-back as issuer in private placement
  • Malta
  • 28 August 2012

In order to finance the real estate developments of a Maltese corporate group, 7% secured notes were issued in a private placement. A Maltese public limited company issued a master loan note to a trust, which in turn placed notes representing a participation in the trust property with private investors. The company on-lent the raised funds to two Maltese subsidiaries, which acquired the property and plan to develop it.

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