Sani/Ikos Group Announces Successful Bond Issue
The Sani/Ikos Group, a leading hotel group in the Mediterranean luxury tourism sector, has announced that its subsidiary, Sani/Ikos Financial Holdings 1 S.à r.l., successfully issued a bond on Friday, July 19, totaling 350 million euros, with a maturity date of 2030 and an annual interest rate of 7.250%, which will be issued at 100% of its face value. The bond issue was oversubscribed three times by top domestic and foreign institutional investors, reflecting the international markets’ confidence in the development prospects of the Sani Group.
Completion of Bond Issue by July 26th
The issuance of the bond will be completed by around July 26, 2024 and is subject to the usual closing conditions. The proceeds from the bond issuance will be used to fully repay the existing 5⅝% Group bonds maturing in 2026, to cover transaction expenses, and for general corporate purposes.
The issuance of the bonds was undertaken by Morgan Stanley & Co. International plc and Deutsche Bank Aktiengesellschaft as lead underwriters, in collaboration with Eurobank, Piraeus Bank, Alpha Bank, and National Bank as Co-Managers.
Welcome to Sani/Ikos Group
Sani/Ikos Group operates 12 luxury resorts in Halkidiki, Corfu, and Kos in Greece, as well as in Andalusia and Majorca in Spain. In addition, three more hotel complexes are currently under development in Greece, Spain, and Portugal.
Experience the ultimate in luxury and hospitality at our resorts, where every detail is designed to provide an unforgettable experience for our guests. From stunning beaches and world-class cuisine to luxurious accommodations and impeccable service, Sani/Ikos Group sets the standard for excellence in the hospitality industry.
