Save from as low as €40 per month
Change modify pause
International Hotel Investments plc (“the Issuer”) has announced the issuance of €80,000,000 3.65% Unsecured Bonds 2031, having a nominal value of €100 per Bond which shall be issued and redeemable at par on 26 November 2031.
A copy of the Summary is available here, Registration document here and Securities Notes here.
The proceeds from the Bond issue will be primarily used to finance the Group’s various projects, namely preparatory works for the Corinthia Oasis at the Hal-Ferh site and to carry out refurbishing works at the Corinthia Palace Hotel & Spa and Corinthia St. George’s Bay, to refinance prior debt, as well as for general corporate funding purposes of the Group. If you wish to apply for these shares kindly follow the guidance below or contact us on +25 688 688 to speak to one of our qualified financial advisors or visit us in one of our branches at your convenience. Business overview The Issuer’s principal activities involve the ownership, development and operation of hotels, as well as residential and commercial real estate, while it holds various investments in subsidiary and associate companies, with the aim to further grow the Group’s business. The Issuer’s primary source of income is acquired through the operation of the hotels it owns, however, income and earnings are also derived from rental income of its residential and commercial premises located in St. Petersburg, Tripoli and Budapest, together with other additional revenue streams. Hotels it has either acquire or developed involve property located in the Czech Republic, Libya, Portugal, Hungary, the Russian Federation, as well as Malta, while it also holds a 50% stake in a luxury hotel in London and a hotel development in Brussels.
How to apply Orders will be accepted from the 3rd of November 2021 and can be submitted through one of our Financial Advisors based in one of our four branches (Mosta, Sliema, B’kara and Fgura). Should you prefer to use our CCTrader platform, kindly follow the instructions below:
Below are the eligible IHI Bonds:
Below are the eligible Corinthia Bonds:
Applications must be for a minimum of 2,000 and in multiples of 100.
All certificated applications need to be accompanied by an original application form. Certificated holders of the Maturing bonds that are EXCHANGING and/or TOPPING UP must retain their applications as Certificated. All orders must be submitted by not later than the 26th of November @ 12:00hrs (Closing date). The offer may close at an earlier date without prior notice as a result of over-subscription. Non-nominee applications will be subject to a €25 fee.
The value of the investment can down as well as up and past performance is not necessarily indicative of future performance. Prospective investors wishing to subscribe for Bonds of the Issuer should do so on the basis of the Prospectus, including the Risk factors contained therein.
An investment in the Bonds of the Issuer may not be suitable for all investors and prospective investors are urged to consult their Financial Advisor as to the suitability or otherwise of an investment in the Bonds. Prospective Investors making an execution only investment are advised that CCIS is not required to undertake an appropriateness assessment and investors do not benefit from the corresponding protection afforded under the conduct of business rules.
This advert has been approved for issue by Calamatta Cuschieri Investment Services Limited, which is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 386. CCIS, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034, Malta.
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
You are signing up to receive news, updates, general market announcement, articles and product or service marketing. By signing up you are consenting