International Hotel Investments (IHI) today announced the allotment policy to be applied for its bonds on June 30.
IHI said it received more than 3,750 individual applications and as a result of this strong demand closed the subscription lists on the first day of opening.
The company has decided to exercise the following allocations:
All applications received from investors who already hold investments in one or more of the Corinthia Group’s listed companies, will be met in full;
All applications for less than € 1 million will be met in full;
Applications for bonds having a nominal value in excess of € 1 million will be met as follows: The first €1 million - in full. The remaining balance - 76.38%.
Allotment letters and refunds of un-allocated monies will be paid by Tuesday, July 14 by direct credit to the bank account indicated on the respective application forms.
IHI thanked the investing public, institutional investors, authorised financial intermediaries and the banks for their strong support.