By Angela McDaniels
Tacoma, Wash., Sept. 24 - International Personal Finance plc priced 200 million Polish zloty of floating-rate Polish bonds due June 30, 2015, according to a company news release.
The interest rate is six-month Wibor plus 750 basis points.
The bookrunner was Bank Polska Kasa Opieki SA, a subsidiary of Unicredit Group.
The bonds will be listed on the alternative trading system arranged by BondSpot SA in Warsaw.
The proceeds will be used to pay down some bank borrowings.
The company said the bonds are part of its strategy to diversify its sources of funding and extend its debt maturity profile.
The issuer is a Leeds, England-based home credit business with operations in Poland, Hungary, Romania, the Czech Republic, Slovakia and Mexico.
| Issuer: | International Personal Finance plc
|
| Issue: | Floating-rate Polish bonds
|
| Amount: | PLN 200 million
|
| Maturity: | June 30, 2015
|
| Bookrunner: | Bank Polska Kasa Opieki SA
|
| Coupon: | Six-month Wibor plus 750 bps
|
| Price: | Par
|
| Announcement date: | Sept. 24
|
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