International Hotel Investments, operators of the Corinthia chain, has announced the issue of a €55 million secured bond following approval from the Malta Financial Services Authority.

The bonds carry an interest rate of four per cent and are redeemable in 2026.

Existing IHI shareholders will be given preference to subscribe to the first €30 million of the bonds. The remaining €25 million will be offered to the general public.

The bonds are secured by the Corinthia Hotel Budapest.

IHI, the publicly traded company of Corinthia, owns 11 five-star hotels in several countries as also offers hotel management services to third parties. It recently announced the acquisition of the Hotel Astoria in Brussels. 

 

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.