International Hotel Investments plc - Listing of IHI Bonds

On 13 April, the Malta Stock Exchange announced that the recently issued €25 million 6.25% International Hotel Investments plc Bonds 2017 – 2020 have been admitted to the Official List. Trading in this new security is expected to commence as from tomorrow, Wednesday 14 April.

The proceeds from this bond issue are partly earmarked to fund the redemption of the €11.6 million 5% convertible bonds issued in 2000 and due to mature on 29 May 2010. The remaining bond issue proceeds will be used to fully repay an outstanding loan amounting to €12 million with an international bank whilst the balance will be used for the general corporate funding purposes of IHI and its subsidiaries.

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