International Hotel Investments plc - Application for a New Bond Issue

On 12 February 2025, International Hotel Investments plc announced that it has filed an application with the Malta Financial Services Authority requesting admissibility to listing of €35 million 5.30% unsecured bonds maturing in 2035.

The company explained that the new bonds will part-finance the redemption of the €45 million 5.75% unsecured bonds maturing on 13 May 2025. IHI stated that the net reduction in bond exposure reflects the request of the Board of Directors to reduce overall debt whilst maintaining focus on increasing profit contributions from underlying businesses, including the recently launched hotel operations in New York and Brussels and others which are expected to start operating in the next 12 months in Bucharest, Rome, and the Gulf.

Subject to regulatory approval, IHI will be giving preference to holders of the maturing bonds as at close of trading on 17 February 2025 to subscribe to the new bonds by surrendering the corresponding nominal value of bonds held. The maturing bonds will cease trading on the Malta Stock Exchange on 17 February 2025 until further notice.

Further details regarding the new bond issue will be published once regulatory approval is obtained.