Corinthia Finance bonds oversubscribed by €1.1 million

Corinthia Finance bonds 2019-2022 have been oversubscribed by €1.1 million with the company receiving an aggregate total of €8.6 million from holders of maturing bonds to its issue of €7.5 million 6% bonds.

The company said it decided to satisfy all applications for amounts up to €40,000 in full, (98 per cent of all applications received).

In the case of applications for amounts over €40,000, the company will satisfy the first €40,000 and allocate a further 4.95 per cent of the remaining balance.

All amounts being allocated have been rounded to the nearest integral number of the €1,000 nominal value of the bonds.

Interest on the bonds will commence on March 29.

The dispatch of allotment advices and refunds of unallocated monies where applicable will be made by April 10.

The bonds are expected to be admitted to listing on the Malta Stock Exchange on April 11, and trading is expected to commence on April 12.