Photo caption: An artist’s impression of the new db Hard Rock and Ora project.
db Group has announced that its €60 million unsecured bond issuance programme has been fully subscribed, following the successful take-up of the latest tranches issued through its finance arm, SD Finance p.l.c.
The Group confirmed that Tranche 2, consisting of €20 million in 5.20 per cent unsecured bonds redeemable in 2031, and Tranche 3, consisting of €7 million in 5.20 per cent unsecured bonds redeemable in 2031, have both been fully subscribed.
The bonds were issued at par and placed through authorised financial intermediaries. In view of the full subscription, the offer to the general public, which had been scheduled to open on 14 May 2026, will not take place.
The issue follows the full subscription of the initial €33 million tranche issued in October 2025, bringing the total amount raised under the programme to €60 million.
All three tranches form part of the same bond programme approved by the Malta Financial Services Authority in October 2025 and will be consolidated into a single series of €60 million 5.20 per cent unsecured bonds redeemable in 2031.
The bonds are guaranteed by SD Holdings Limited, the Group’s parent company.
db Group CEO Robert Debono said the full subscription reflects continued confidence in the Group’s long-term strategy and performance.
db Group’s portfolio includes Hard Rock Hotel Malta, Seabank Resort & Spa and the San Antonio Hotel & Spa, alongside Starbucks and a range of other international brands and hospitality concepts.
For the year ending March 2025, db Group reported a turnover of €99.2 million, a net profit of €18.6 million, and total assets of €591 million.
