Allotment for IHI bond

International Hotel Investments plc on Monday announced that all applications for the 6.25% bonds received from investors who already hold investments in one or more of the Corinthia Group's listed companies, will be met in full. All applications for...

International Hotel Investments plc on Monday announced that all applications for the 6.25% bonds received from investors who already hold investments in one or more of the Corinthia Group's listed companies, will be met in full.

All applications for less than €1 million will be met in full. In the case of applications for over €1 million, IHI will meet the request for the first € 1 million in full and 76.38 per cent of the remaining balance.

Interest on the bonds started on Monday. Allotment letters and refunds of un-allocated monies will be paid by Tuesday.

Public subscription to the €35 million bond issue opened on June 30 and closed within a few hours. Over 3,750 individual applications were received.

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