On 6 July, International Hotel Investments plc announced its allotment policy in respect of the applications for its €35 million 2015 – 2019 bond issue. IHI stated that it received in excess of 3,750 applications. Applications submitted by all applicants up to a value of €1 million were met in full. Meanwhile in the case of applications exceeding €1 million, the first €1 million were accepted in full while 76.38% of the balance was alloted.
At the pre-placement stage, held on 26 June, IHI had allotted 65.9142% as total demand exceeded the available balance of €20 million.
Interest on these bonds started to accrue with effect from today and trading on the Official List of the Malta Stock Exchange is expected to commence shortly.