International Hotel Investments p.l.c. has announced the basis of acceptance for the €30,000,000 5.25% unsecured bonds 2036 it announced on 11 June 2026.
The Bonds were available for subscription solely by holders of the €55,000,000 4% International Hotel Investments p.l.c. secured bonds 2026. Upon the closure of the offer period on 7 July 2026, the company received applications totalling €30,530,400.
Due to this oversubscription, the company has decided to allocate to subscribers the first €100,000 in full and 62.826% on the remaining amount, rounded to the nearest €100.
Interest on the Bonds commenced accruing as from 14 July 2026 and will be payable annually in arrears on 14 July of each year, with the first interest payment falling due on 14 July 2027.
The Bonds are expected to be admitted to listing on the Official List of the Malta Stock Exchange on 22 July 2026 and trading is expected to commence on 23 July 2026.
The company also announced that the Maturing Bonds will not resume trading and redemption of outstanding amounts in the Maturing Bonds together with payment of the prevailing interest will be made on 29 July 2026.
Holders of Maturing Bonds who elected to subscribe for the Bonds by surrendering their respective holdings in the Maturing Bonds will receive, on 29 July 2026, interest at 4% on the Maturing Bonds for the period between and including 29 July 2025 and 13 July 2026.