International Hotel Investments (IHI) has announced the issuance the first tranche of new series in a bond issuance programme, consisting of €30 million unsecured bonds.

IHI is a real estate investor, developer and operator, focusing primarily on luxury hotels and its proprietary Corinthia brand.

The company intends to part-finance the €60 million 4 per cent unsecured bonds maturing this year which are redeemable on 20th December 2026 through the proposed new bond issue.

The remaining balance of maturing bonds shall be redeemed from the company’s general cash flow and banking facilities.

The new bonds will have a higher annual coupon of 5.45 per cent.

According to the announcement on the stock exchange, the €30 million issue is being offered to holders of the maturing bonds up to the amount of maturing bonds held as at 22nd October 2026, and any remaining bonds not subscribed for shall be available for subscription by authorised financial intermediaries.

The bonds will be available for subscription by holders of maturing bonds for the period between 2nd November 2026 and 20th November 2026. The final terms will be available as from 21st October 2026.

The bonds form part of the company's wider €115 million unsecured bond issuance programme approved under a base prospectus dated 10th June 2026. The programme's size mirrors the value of three IHI bond issues maturing this year.

The first series of the €115 million was issued earlier this year, and comprised of another €30 million in bonds.