COMPANY ANNOUNCEMENT CFC43
New Bond Issue
Corinthia Finance p.l.c. announces the issue of 6.25% €15,000,000 Bonds due in 2019 with a nominal value of €100 per Bond issued at par. The Issuer may exercise partial or full redemption on any of the early redemption dates from 2016 onwards. The Bonds will be guaranteed by Corinthia Palace Hotel Company Limited, the Issuer’s parent company.
These new Bonds will be interchangeable with the 6.25% Corinthia Finance Bonds issued in accordance with the prospectus dated 28th August 2009, and will be merged as one Bond on the next interest payment date falling on the 23rd September 2010.
The funds raised in this Bond are principally earmarked for the redemption of the 6.5% Corinthia Finance p.l.c. Bond 2010 (the ‘Maturing Bond’) which matures on 8th April 2010. The terms of issue include a preferred treatment to holders of the Maturing Bond who are included on the register of holders as at 5th February 2010. These bondholders are guaranteed full allotment of their applications for an amount equivalent to their existing holding, rounded up to the nearest €1,000. They will also receive a top-up of interest representing the difference between the coupon rates of 6.5% and 6.25% from 12th March 2010 to 8thApril 2010.
Applications, both from existing bondholders as well as new investors, will be received at banks and authorised financial intermediaries as from 16th February 2010.
Full details of the published Prospectus dated 12th February 2010 are available from authorised financial intermediaries and on www.corinthiacorporate.com.
Alfred Fabri
Company Secretary
12th February 2010