The Mediterranean Investments Holding (MIH) €40 million bond issue was oversubscribed and closed within hours of opening for the public this morning, the Corinthia Group said today.
The proceeds from the 7.15% 2015-2017 bond issue will be used mostly on the company's real estate projects in Libya.
"Once again the Maltese public has placed its trust in the strong reputation enjoyed by Mediterranean Investments Holding p.l.c. and the Corinthia Group. As in preceding bond offers issued by the Group, this bond has also generated a very positive response and we are grateful to the Maltese public for the continued support. I take this opportunity to thank investors, banks, all financial intermediaries and advisers for their assistance in making this Bond issue a success," said Corinthia Group chairman Alfred Pisani.