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 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.