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International Hotel Investments p.l.c. has the announced it will be issuing €20 million 5.8% Bonds redeemable in 2021 (the "Bonds") 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 15th February 2013 (the “Maturing Bonds”) to subscribe to the Bonds by surrendering the Maturing Bonds. The Company announced that the Cut-Off Date for such eligibility will be 16th November 2012, which is also the last trading date in the Maturing Bonds. Trading in the Maturing Bonds will be suspended as from 19th November 2012, in order to facilitate the process to surrender and transfer the Maturing Bonds to the Bonds.
Full details of the Bond Issue are included in the Prospectus dated 16th November 2012 which will be available on the Company’s website (www.ihiplc.com) from 20th November 2012 or at our offices from 26th November 2012. Applications forms will be mailed to holders of Maturing Bonds on 20th November 2012.
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