International Hotel Investments p.l.c. announced today that it will be issuing €20,000,000 5.8% bonds redeemable in 2021 with a nominal value of €100 per bond, issued at par.
The company will be granting preference to holders of the 6.3% International Hotel Investments p.l.c. bonds and 6.2%-6.8% International Hotel Investments p.l.c. bonds both maturing on February 15, 2013 to subscribe to the bonds by surrendering the maturing bonds.
The cut-off date for such eligibility was November 16, which was also the last trading date in the maturing bonds.
Full details of the Bond Issue are included in a prospectus available on the company's website (www.ihiplc.com) from November 20 and at authorised financial intermediaries from November 26.