Island Hotels Group Holdings plc – New Bond Issue

Island Hotels Group Holdings p.l.c. announced that it has submitted an application to the Listing Authority requesting the admissibility to listing of 350,000 Bonds 2024 of a nominal value of €100 per Bond issued at par for an aggregate of €35,000,000 (the “New Bonds”). 

The net proceeds from the issue of the New Bonds will be used by the Company for refurbishment and construction works at the Radisson® Blu Resort St. Julians; the development and operation of the COSTA Coffee® brand in the East Coast of Spain, the Balearic Islands and the Canary Islands; and for general corporate funding purposes. 

Up to an aggregate amount of €2,500,000 of the New Bonds shall first be allocated to those who are existing shareholders or Island Hotels Group employees as at close of business on the 9 May 2014. Following such allocations, any remaining New Bonds shall be allocated to applications submitted by the general public without priority or preference. 

To view the official company announcement, click here.