International Hotel Investments plc - Bond Issue Oversubscribed

On 24 March, International Hotel Investments plc announced the closure of its €25 million 6.25% bond issue due to over-subscription.

These bonds were raised to fund the redemption of the €11.6 million 5% convertible bonds issued in 2000 and due to mature on 29 May 2010 and to fully repay an outstanding loan amounting to €12 million with an international bank.

International Hotel Investments plc is expected to publish its allocation policy in the coming days.

Comments are closed.