Merkanti expects delayed 5.7% bond interest to be paid by 31 August

New payment date set

Merkanti Holding plc has issued a further update on the delayed interest payment for its 5.7% Secured Bonds 2033, carrying ISIN MT0002291202.

The interest, which was originally due on 12 August 2026, is now expected to be paid on or before 31 August 2026. The update follows earlier announcements issued on 13 and 18 August.

Administrative changes caused the delay

The Company said the delay was linked to administrative and management changes that took place around the payment date, affecting access to and the transfer of its own funds.

Merkanti expects the registration of the relevant corporate changes and revised banking instructions to be completed shortly. Once this process is finalised, the new management will be able to make the funds available for the interest payment.

Cheques sent to 18 bondholders

Merkanti also said that 18 mailings, representing a total of €8,374, included bank cheques intended for bondholders whose direct payment instructions were not available through the Malta Stock Exchange.

The Company said the cheques were sent as a result of an administrative error and apologised for any inconvenience caused.

For bondholders, the key update is that Merkanti now expects the outstanding interest payment to be completed by the end of August.