International Hotel Investments (part of the Corinthia Group) has announced plans for a €45m bond issue and redemption of €35m 6.25% bonds 2015.
The new 5.75% unsecured bonds will be redeemable in 2025. The company will be granting preference to holders of the maturing bonds to subscribe to the new bonds.
Full details of the bond issue are included in the prospectus available on the company’s website (www.ihiplc.com) tomorrow.