MIDI completes redemption of €50 million secured bond

The MIDI bond redemption for 2026 has been completed after the company repaid its €50 million 4% secured bonds in full on their maturity date.

The bonds were redeemed on 27 July 2026. MIDI formally announced the completion of the repayment on the following day.

€50 million bond repaid

The bond had provided investors with a fixed annual interest rate of 4% during its term. On reaching maturity, MIDI repaid the full outstanding nominal amount to bondholders.

The company’s board thanked bondholders and the authorised financial intermediaries that supported the issue.

Full and timely redemption is an important event for both an issuer and its investors. It confirms that the contractual repayment obligations attached to the security have been settled.

MIDI bond redemption follows property agreement

The repayment followed major developments concerning the company’s property interests. These included the termination of the Manoel Island concession and an agreement with the Government valued at approximately €43 million.

The completion of these transactions provided important financial resources ahead of the bond’s maturity.

What the redemption means

Following redemption, the bond is no longer outstanding and investors will no longer receive interest payments from the security.

The transaction also changes MIDI’s financing position by removing the €50 million bond liability from its balance sheet.

Investors will now monitor how the company manages its remaining assets, capital and future development strategy following the Manoel Island agreement and the bond repayment.

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