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The Maltese Herald

More of Joseph Portelli’s debt goes public on the Malta Stock Exchange

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by

Mark Camilleri
in ,

Yesterday, more of Joseph Portelli’s debt has gone public on the Malta Stock Exchange. Up to €20 million in secured bonds at 5.3% were listed publicly, which were originally approved last Summer.

Joseph Portelli financed his project of Mercury Towers in Paceville with several loans and bond issuances and the bonds that were listed yesterday are also meant to continue developing his mega-project in Paceville.

Joseph Portelli’s project in Paceville has accumulated Mercury Towers Ltd a total of up to €190 million in debt.

Comments

4 responses to “More of Joseph Portelli’s debt goes public on the Malta Stock Exchange”

  1. M.Galea avatar
    M.Galea

    Tat tqallieh. Bniedem sehet pajjiz!!

    Reply
    1. Vanni avatar
      Vanni

      Ahseb u ara min hemm warajh kemm sehtu dan il-pajjiz!

      Reply
  2. Il-Gahan avatar
    Il-Gahan

    Dan huwa ra?el li g?andu b?onn jaqa’ metaforikament biex il-pajji? jinduna bil-vera natura tieg?u. G?ax hawn erba’ laqa li, meta jaraw xi sorm o?xon mifquh flus, jaqbdu jilag?qu. Forsi jakkwistaw xi ?a?a, imma fit-tul, l-unika ?a?a li jkunu l’ kisbu hija bassa f’wi??hom u ri?a ta’ ?ara :L.

    Reply
  3. The new Paceville Mogul - The Maltese Herald avatar
    The new Paceville Mogul - The Maltese Herald

    […] benefit his interests and his vision. Joseph Portelli has taken a significant risk and went into significant debt to build Mercury Towers. He also has cash-flow challenges because his capital expenditure is […]

    Reply

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