The recent decision by the Maltese government to begin the process of terminating the 99-year concession agreement for the redevelopment of Manoel Island has triggered significant financial uncertainty for MIDI Plc and its bondholders. This unexpected political move, spearheaded by Prime Minister Robert Abela, has left the company exposed, without key project partners and financing options, and facing the real possibility of defaulting on its €50 million bond issue due to mature in 2026....

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