MHV enters €20m bond loan programme and subscription agreement with Prodea

10:52 - 29 July 2025

Companies Reporter

MHV Mediterranean Hospitality Venture Plc has announced that the company's Board of Directors has examined and approved the conclusion of a Bond Loan Programme and Subscription Agreement between the company as issuer and Prodea Real Estate Investment Company S.A. as subscriber and bondholder, for the maximum amount of €20m.

More specifically, according to the company's notice to the Cyprus Stock Exchange, "MHV Mediterranean Hospitality Venture Plc (the "Company") hereby announces that the Board of Directors of the Company examined and approved the conclusion of a Bond Loan Programme and Subscription Agreement (the "Agreement") dated 25 July 2025 between the Company as issuer and Prodea Real Estate Investment Company S.A. as subscriber and bondholder, for the maximum amount of €20,000,000 (Euro Twenty Million)."

This, according to the same notice, will be carried out, "through the issuance of common bonds of nominal value €1.00 (Euro One) each, even partially/on a tranche basis. The bonds maturity is 5 years from the first issue date, unless repaid earlier, and will bear interest at the Euribor rate plus margin of 3%, payable at maturity or at repayment."

"It is noted that conflicted directors disclosed their conflict of interest due to their relationship with Prodea Real Estate Investment Company S.A. and abstained from the decision," MHV also informed the CSE.

MHV enters €20m bond loan programme and subscription agreement with Prodea

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