Excel Finance completes its €50 million bond offer

A €50 million bond issue by Excel Finance p.l.c. has been fully subscribed following “overwhelming” interest from investors, the company said on Saturday.Excel Finance is a lynchpin in the construction and real estate empire of Gozitan developers Joseph Portelli, Mark Agius and Daniel Refalo.The company had announced the 5.4% secured bond issue earlier this month,...