6.25% Corinthia Finance plc 2016-2019 (Second Issue)

Download

Corinthia Finance plc - Prospectus dated 12 February 2010

(Fungible with the existing €25,000,000 6.25% bonds 2016-2019, ISIN: MT0000101239)

The Company

Corinthia Finance plc was set up to act as a finance company for the Corinthia Group and is a fully owned subsidiary of Corinthia Palace Hotel Co. Ltd.

The Corinthia Group, of which Corinthia Palace Hotel Company Ltd is the mother company, holds a 50% shareholding in Mediterranean Investments Holding plc and is the majority shareholder of International Hotel Investments plc. Corinthia Group started its commercial activities in 1960 with the acquisition of an art nouveau villa in Attard, Malta. It now owns or manages 16 hotels in nine countries, and operates extensively in construction and project management in a number of countries in Europe and North Africa.

The Corinthia Group is organised into five business units, each of which plan and implement well-defined strategies driven by the objective of continued growth, furtherance of their core interests and ongoing profit optimisation. These five business units are organised within the following corporate structures:

* Investment and acquisition of prime site hotel real estate – International Hotel Investments plc (IHI)
* Development of prime residential complexes, commercial and retail centres – Mediterranean Investments Holding plc (MIH)
* Management of upscale hotels – CHI Ltd
* Construction and project management services – QPM Ltd
* Industrial catering – Flight Catering Company Ltd.

Use of Proceeds

The bond proceeds were mainly used to redeem the maturing 6.5% Corinthia Finance plc 2010 bond which matures on 8 April 2010. The remaining funds were passed on to the Guarantor and used for its general corporate funding purposes.

Security

Unsecured and unsubordinated

Guarantor

Corinthia Palace Hotel Company Limited

Coupon

6.25%

Amount Issued

€15,000,000

ISIN Code:

MT0000101247

Maturity:

The bonds will mature at 100% (par) on 22 September 2019 but may be redeemed early anytime between 23 September 2016 and 22 September 2019.

Interest Payment:

Annually on 22 September.

Listing

Official List of the Malta Stock Exchange

Directors:

Joseph Fenech, Anthony R. Curmi, Frank Xerri de Caro, Joseph J Vella.

Print This Page Print This Page