Following regulatory approvals, International Hotel Investments  has announced that it will be issuing €20,000,000 5.8% bonds redeemable in 2021 with a nominal value of €100 per bond, issued at par.

The company will be granting preference to holders of the 6.3% International Hotel Investments bonds and 6.2%-6.8% International Hotel Investments bonds both maturing on 15th February 2013 to subscribe to the bonds by surrendering the maturing bonds.

The company announces that the cut-off date for such eligibility will be 16th November, which is also the last trading date in the maturing bonds. Trading in the maturing bonds will be suspended as from 19th November, in order to facilitate the process to surrender and transfer the maturing bonds to the bonds.

Full details of the bond issue are included in the Prospectus dated 16th November which will be available on the company’s website (www.ihiplc.com) from 20th November and at authorised financial intermediaries from 26th November.

Applications forms will be mailed to holders of maturing bonds on 20th November.