International Hotel Investments has issued €45 million worth of bonds offering an interest rate of 5.75 per cent.
The bonds are unsecured and mature in 2025.
The company is redeeming the €35 million bonds with a coupon rate of 6.25 per cent which were due to mature between 2015 and 2019, in accordance with the 2009 prospectus. Holders of these bonds will be given preference for the new bonds.
Full details of the bond issue are available on www.ihiplc.com from Tuesday.