An issue of €40 million in bonds by International Hotel Investments has been oversubscribed.

The issue was of 4% unsecured bonds 2026.

The intermediaries’ offer which was scheduled for Friday has been cancelled, the company said.

It will be announcing the basis of acceptance of applications and allocation policy by December 20.

IHI forms part of the Corinthia group and owns and operates hotels in several cities including London, St Petersburg, Lisbon and Tripoli. 

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