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4% International Hotel Investments p.l.c. Unsecured Bonds

IHI

International Hotel Investments p.l.c. has announced the issue of €40,000,000, 4% Unsecured Bonds redeemable in 2026, with a nominal value of €100 issued at par.

International Hotel Investments p.l.c. (IHI) and Island Hotels Group Holdings p.l.c. (IHG) also intend to exercise the option of redeeming the following two bonds on their respective first early redemption date:

• 6.25% IHI 2017-2020 on 9 April 2017

• 6.5% IHG 2017-2019 on 1 July 2017

USE OF PROCEEDS

The proceeds from the Bond Issue, which net of Bond Issue expenses are expected to amount to approximately €39,500,000, will be used by the Issuer for the following purposes, in the amounts and order of priority set out below:

(i) a maximum amount of €24,831,700 will be used by the Issuer for the purpose of acquiring, for redemption and cancellation, existing 6.25% IHI Exchangeable Bonds 2017-2020 issued by IHI from Existing Bondholders as at 17 November 2017, and to redeem any bonds remaining in the issue as at 9 April 2017, this being the first early date of redemption of the IHI Exchangeable Bonds;

(ii)a maximum amount of €14,000,000 will be used by the Issuer for the purpose of acquiring, for redemption and cancellation, existing 6.5% IHG Exchangeable Bonds 2017-2019 issued by IHG from Existing Bondholders as at 17 November 2017, pursuant to the terms of a loan agreement dated 18 November 2016;

(iii) granting on loan to IHG the amount necessary to redeem and cancel any bonds remaining in the existing 6.5% IHG Exchangeable Bonds 2017-2019 as at 1 July 2017, this being the first early date of redemption of the IHG Exchangeable Bonds.

Any remaining balance of the net Bond Issue proceeds will be used by the Issuer for general corporate funding purposes.

ISSUER OVERVIEW

The Issuer was set up and promoted by the Corinthia Group as the principal vehicle for the international expansion of the group’s hotels and mixed use developments. The Issuer is principally engaged, directly or through subsidiaries and/or associated entities, in investments that are predominantly focused on the ownership, development and operation of mixed-use real estate developments that consist principally of hotels, residences, offices, retail areas, as well as industrial and event catering, in various countries.

HOW TO REGISTER TO BUY BONDS?

Existing IHI and IHG Bondholders can place orders directly via the CCTrader platform.

Applications for Existing Bondholders are currently open and will close on the 12th of December at 12pm. Applications must be for a minimum value of €2,000 and multiples of €100. Existing Bondholders may apply for amounts in excess of their respective holdings.

An Intermediaries’ Offer will take place on the 16th of December 2016 – please note that members of the General Public who do not hold any of the Exchangeable Bonds listed above can only apply via this offer and only through the Licensed Financial Intermediary’s nominee account. In the event that the total amount of applications received from Existing Bondholders exceed €40,000,000 the Intermediaries’ Offer will not take place.

A copy of the prospectus is available HERE.

Calamatta Cuschieri Investment Services Ltd is acting as a licensed stockbroker and financial intermediary for this bond issue.

For more information please contact us on 25 688 688 or [email protected].