MIDI skips bondholder report as €50 million repayment nears

MIDI plc has been granted an exemption by the Malta Financial Services Authority (MFSA) from publishing its annual Financial Analysis Summary (FAS), less than a month before a €50 million bond falls due for repayment. In a company announcement, the beleaguered company said the regulator accepted that a new FAS was unnecessary because the bond … Continued

By Ivan Camilleri