IHI announces bond issue allotment policy

Following a strong demand for the 6.25 per cent €35,000,000 bond issue, International Hotel Investments plc has announced the following allotment policy adopted to process applications for its bonds: • Preferred applicants - All applications...

Following a strong demand for the 6.25 per cent €35,000,000 bond issue, International Hotel Investments plc has announced the following allotment policy adopted to process applications for its bonds:

• Preferred applicants - All applications received from investors who already hold investments in one or more of the Corinthia Group's listed companies will be met in full;

• Other applicants - All applications for less than €1 million will be met in full;

• Applications for Bonds having a nominal value in excess of €1 million will be met as follows: The first € 1 million - in full; the remaining balance - 76.38 per cent.

Interest on the bonds commenced as from July 6. Allotment letters and refunds of un-allocated monies will be paid by Tuesday.

The bonds opened for public subscription on June 30 and closed on the same day.

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