International Hotel Investments plc – New Bond Issue

Following regulatory approval received on Friday April 10, 2015, International Hotel Investments plc announced that it will be issuing €45,000,000 5.75% Unsecured Bonds redeemable in 2025 with a nominal value of €100 per Bond, issued at par. 

Furthermore, the Company announced that the Board of Directors has resolved to redeem the €35,000,000 6.25% Unsecured Bonds 2015-2019 (ISIN: MT0000111253) (the “Maturing Bonds”) on July 11, 2015 in accordance with the terms of the prospectus dated June 12, 2009. The Company will be granting preference to holders of the Maturing Bonds to subscribe to the Bonds by surrendering the Maturing Bonds. The Company therefore announced that the Cut-Off Date for such eligibility shall be April 10, 2015. Trading in the Maturing Bonds shall be suspended as from April 13, 2015, so as to facilitate the process to surrender and transfer the Maturing Bonds to the Bonds. 

To view the official company annoucnement, click here.