International Hotel Investments plc - Bond Issue Oversubscribed
On 19 October 2023, International Hotel Investments plc announced that the recent offer of €60 million 6.0% unsecured bonds 2033 has been oversubscribed. As a result, the offer period for preferred applicants and Corinthia Group employees will be closed ahead of schedule on 20 October 2023 and the Intermediaries Offer will not take place. Meanwhile, the offer period for maturing bondholders will remain open until 26 October 2023 as originally planned. The company noted that it will be announcing the basis of acceptance and allocation policy by 2 November 2023.