Agreement to issue Euro Medium Term Notes

RNS Number : 8111H

International Personal Finance Plc

22 May 2014

 



22 May 2014

INTERNATIONAL PERSONAL FINANCE PLC ("IPF")

ANNOUNCES AGREEMENT TO ISSUE EURO MEDIUM TERM NOTES

We are pleased to announce that as part of IPF's strategy to diversify and extend funding, we have agreed to issue Euro bonds in an amount of EUR 40,000,000 (c£33m) with a maturity of 4 years and a fixed coupon of 4.25% (the "Notes"). The Notes are to be issued under our existing euro medium-term note programme (the "Programme"), and final settlement is scheduled for 23 May 2014.

In connection with the issuance of the Notes, IPF has agreed to repurchase EUR 21,912,000 of the 11.5% guaranteed notes due 6 August 2015 issued under the Programme on 6 August 2010 (the "Eurobonds"). This is expected to result in an exceptional cost of around £2.4m. €34.8m (£29.0m equivalent) of the Eurobonds remain outstanding.

Ben Murphy

Group Legal Director & Company Secretary

[phone]

For further information, please contact

International Personal Finance plc

Nick Dahlgreen (Group Treasurer)	[phone]
Rachel Moran (Investor Relations Manager)	[phone]
Nick Jones (Media)	[phone]

 

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