International Hotel Investments plc will be issuing €10 million 5.8 per cent bonds redeemable in 2023 with a nominal value of €100 per bond, issued at par.
The company is granting preference to holders of the 6.5 per cent IHI bonds maturing on March 27, 2014 who wish to surrender the maturing bonds. The cut-off date for such eligibility was October 21, 2013 which is also the last trading date in the maturing bonds.
Application forms will be mailed to holders of maturing bonds on October 23, 2013.
Full details of the bond issue are included in the prospectus dated October 21, 2013 which is available on the company’s website (www.ihiplc.com) and at authorised financial intermediaries.