TIDMIPF
RNS Number : 2343S
International Personal Finance Plc
02 November 2023
Publication of final terms and launch of 12 per cent. Sterling
notes due 2027
The information contained herein may only be released, published
or distributed in the United Kingdom, the Isle of Man, Jersey and
the Bailiwick of Guernsey in accordance with applicable regulatory
requirements. The information contained herein is not for release,
publication or distribution in or into the United States,
Australia, Canada, Japan, South Africa, the Republic of Ireland or
in any other jurisdiction where it is unlawful to distribute this
announcement.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT
QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE
MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU)
596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.
SEE "IMPORTANT INFORMATION" BELOW
2 November 2023
International Personal Finance plc
LAUNCH OF OFFER OF 12 PER CENT. STERLING-DENOMINATED NOTES DUE
2027
International Personal Finance PLC (the "Issuer" or "IPF"), the
holding company for a global consumer finance helping people
excluded from mainstream finance to access simple, personal and
affordable credit, has today launched an offer of senior unsecured
12 per cent. Sterling-denominated notes due 2027 (the "New Notes")
(to be consolidated and form a single series with the GBP50,000,000
12 per cent. Notes due 2027 issued on 12 December 2022). The New
Notes are available to retail investors in the United Kingdom and
are being issued by IPF at an issue price of 100 per cent. of their
aggregate nominal amount, for general corporate purposes.
At the same time, the Issuer is announcing an invitation (the
"Exchange Offer") to holders of its existing Sterling-denominated
7.75 per cent. notes due 2023 (ISIN: XS1998163148) (the "2023
Notes") to exchange their 2023 Notes for new, retail eligible,
senior unsecured 12 per cent. Sterling-denominated notes due 12
December 2027. Any notes issued pursuant to the Exchange Offer will
form a single series with the New Notes on settlement on 12
December 2023.
The New Notes will bear interest at a fixed rate of 12 per cent.
per annum, payable semi-annually in arrear on 12 June and 12
December, each year and will be redeemed (subject to and in
accordance with their terms and conditions) at their nominal value
on 12 December 2027. Holders of New Notes should, in most normal
circumstances, be able to sell their holdings during normal trading
hours (subject to market conditions) on the open market through
their stockbroker.
The New Notes are expected to be rated BB- by Fitch and Ba3 by
Moody's Investors Service.
The New Notes have a minimum initial subscription amount of
GBP2,000 and are available in multiples of GBP100 thereafter.
The offer period is now open and is expected to close at 12:00
noon (London time) on 23 November 2023. Singer Capital Markets
Securities Limited, acting as the Dealer Manager, retains the right
to close the offer early, in conjunction with IPF.
The New Notes are expected to be listed on the Financial Conduct
Authority's Official List and admitted to trading on the electronic
order book for retail bonds of the London Stock Exchange plc's Main
Market.
The Final Terms for the New Notes can be found here
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
- ENDS -
For further information, please contact:
International Personal Finance plc
Georgia Dunn (Deputy Company Secretary) +44 (0)113 539 5466
Kris Adamski (Group Treasurer) +44 (0)113 539 5466
IMPORTANT INFORMATION
This announcement is released by International Personal Finance
PLC and contains information that qualified or may have qualified
as inside information for the purposes of Article 7 of Regulation
(EU) 596/2014 as it forms part of UK domestic law pursuant to the
European Union (Withdrawal) Act 2018, as amended ("EUWA") ("UK
MAR"), encompassing information relating to an exchange offer, as
described above. For the purposes of UK MAR, this announcement is
made by Tom Crane for International Personal Finance plc.
The distribution of this announcement and other information in
connection with any offer of securities and/or the solicitation of
offers for securities in certain jurisdictions may be restricted by
law and persons who come into possession of this announcement or
any document or other information referred to herein should inform
themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any jurisdiction.
This announcement does not constitute or form part of any offer
or invitation to sell, or any solicitation of any offer to purchase
any securities. This announcement does not constitute and shall
not, in any circumstances, constitute a public offering nor an
invitation to the public in connection with any offer within the
meaning of Regulation (EU) 2017/1129 (the "EU Prospectus
Regulation") as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended (the "UK
Prospectus Regulation"). Any offer and sale of any securities will
be made in compliance with the requirements of the UK Prospectus
Regulation.
Any securities referred to herein will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act").
Subject to certain exceptions, such securities may not be offered,
sold or delivered within the United States. The Exchange New Notes
(as defined in the Exchange Offer Memorandum), which are in bearer
form, are subject to U.S. tax law requirements. Any securities
referred to herein would be offered and sold outside of the United
States in reliance on Regulation S of the Securities Act. There
will be no public offering in the United States.
This announcement does not constitute and shall not, in any
circumstances, constitute a public offering nor an invitation to
the public in connection with any offer within the meaning of the
UK Prospectus Regulation. Any offer and sale of any securities will
be made in compliance with the requirements of the UK Prospectus
Regulation.
A credit rating is not a recommendation to buy, sell or hold any
securities, and may be reduced or withdrawn by the assigning rating
agency at any time.
Legal Entity Identifier: 213800II1O44IRKUZB5
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCXLLFBXFLLFBD
(END) Dow Jones Newswires
November 02, 2023 09:30 ET (13:30 GMT)
Grafico Azioni International Personal F... (LSE:IPF)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni International Personal F... (LSE:IPF)
Storico
Da Mag 2023 a Mag 2024