By Mary-Katherine Stinson
Lexington, Ky., Oct. 24 – International Personal Finance plc priced PLN 72 million senior unsecured floating-rate notes due Nov. 3, 2026 at par, according to a final terms sheet.
The notes, which are being issued under the company’s €1 billion medium-term note program, are guaranteed by IPF Holdings Ltd., International Personal Finance Investments Ltd., IPF International Ltd. and IPF Digital Group Ltd.
The notes will bear interest initially at six-month Wibor, subject to a 0% floor, plus 850 basis points.
The notes are callable during the first call period, which begins six months after issue up to but excluding 24 months after issue, at PLN 1,042.50 per calculation amount and at PLN 1,021.25 per calculation amount during the second call period from 24 months after issue to maturity.
The notes feature a change-of-control put at 101.
The estimated proceeds of PLN 71,208,000 will be used for general corporate purposes. They cannot be used for any purpose contrary to the Polish Consumer Credit Act.
The provider of home credit in emerging markets is based in Leeds, England.
| Issuer: | International Personal Finance plc
|
| Guarantors: | IPF Holdings Ltd., International Personal Finance Investments Ltd., IPF International Ltd. and IPF Digital Group Ltd.
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| Amount: | PLN 72 million
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| Issue: | Floating-rate notes, series 20, tranche 1
|
| Maturity: | Nov. 3, 2026
|
| Coupon: | Six-month Wibor plus 850 bps
|
| Price: | Par
|
| Yield: | Six-month Wibor plus 850 bps
|
| Call features: | At PLN 1,042.50 per calculation amount from six months after issue up to 24 months; at PLN 1,021.25 per calculation amount after
|
| Change of control: | At 101
|
| Pricing date: | Oct. 24
|
| Issue date: | Nov. 3
|
| Distribution: | Regulation S
|
| ISIN: | XS2707609538
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