Premia Properties S.A.E.A.P. is planning to issue a new 7-year bond valued at 150 million euros, targeting the repayment of current obligations while also funding its ongoing investment program. The process has commenced with necessary agreements made with banks, and the company is expected to submit a prospectus to the Capital Market Commission soon. The bond issuance is aimed at engaging investors by April, ahead of the Easter holiday.

The funds obtained from this bond issuance are likely to be utilized for the early repayment of an existing corporate bond amounting to 100 million euros (with a coupon of 2.8%, maturing in January 2027) and for new investment opportunities. In 2025, Premia has significantly expanded its real estate portfolio, raising its asset value to 720 million euros, which is approaching its goal of reaching 1 billion euros. Additionally, the company has agreed to acquire the Gaia Palace and Gaia Royal hotels in Mastichari, Kos, which have a total capacity of 441 rooms.

This issuance reflects Premia's strategic financial management as it seeks to bolster its position within the real estate sector. The early repayment of existing debts aligns with its goal to enhance liquidity and allocate more resources toward growth and investment. With the anticipated acquisition of new properties and increased portfolio value, Premia is positioning itself to capture more market share in the competitive real estate landscape, particularly as it approaches its impressive investment targets.