International Hotel Investments announces issue of unsecured bonds 2033
IHI will be granting preference to holders of 2023 and 2024 maturing bonds to subscribe to the new bonds
by Paul Cocks
International Hotel Investments p.l.c. has announced it has submitted an application to the Malta Financial Services Authority requesting admissibility to listing of Unsecured Bonds redeemable in 2033.
The company said that, subject to regulatory approval of the new bonds, most of the proceeds thereof will be used to redeem the existing 5.8% unsecured bonds 2023 (ISIN: MT0000111287) due on 14 November 2023 and 6.0% unsecured bonds 2024 (ISIN: MT0000481227) due on 15 May 2024.
IHI will be granting preference to holders of 2023 and 2024 maturing bonds to subscribe to the new bonds by surrendering the corresponding nominal value of bonds held.
Further information on the new bonds will be available after MFSA approves the application.
