| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
| | | | | UNI - EN REPORT No | 64 | / | 2015 | | | |
| | Date of issue: | 2015-06-03 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | INTERNATIONAL PERSONAL FINANCE | |
| | Subject | | | | | | | | | | |
| | Issue of bonds by IPF Investments Polska sp. z o.o. | |
| | Official market - legal basis | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| |
| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | 3 June 2015
Issue by IPF Investments Polska sp. z o.o. (“IPF IP") of PLN200m (£35m equivalent) five year bonds due in 2020, and buy-back of PLN 90.6m (£16m equivalent) of existing bonds issued by IPF IP and due 30 June 2015
IPF IP, a wholly owned subsidiary of International Personal Finance plc (“IPF") has today completed the issue of PLN200m (£35m equivalent) five year bonds due in 2020. The bonds carry a floating rate coupon of 6-month WIBOR (Polish interbank reference rate) plus a margin of 425 basis points.
The proceeds of the new issue will be used in part to buy back PLN 90.6m (£16m equivalent) of IPF IP’s existing bonds due 30 June 2015, which carry a floating rate coupon of 6-month WIBOR plus a margin of 750 basis points. The remaining PLN 109.4m (£19m equivalent) of the existing bonds will be repaid at maturity.
Adrian Gardner Chief Financial Officer of IPF commented:
"The successful completion of this transaction is part of our strategy of raising long-term funds at lower cost and from diversified sources. We have accessed the local bond market in Poland, IPF's most significant country of operation, to raise local currency funds from a wide domestic investor base.
The transaction was arranged by two Polish relationship banks which are part of large international bank groups. The transaction demonstrates our ongoing commitment to the Polish financial markets – IPF’s shares are dual listed on the Warsaw Stock Exchange and the London Stock Exchange; and the bonds will be listed in Warsaw on the alternative trading systems organised by the Warsaw Stock Exchange and BondSpot S.A.. Proceeds will be used for the future growth of both our Home Credit and Digital businesses in Poland and elsewhere."
The bookrunners were Bank Polska Kasa Opieki S.A. a subsidiary of UniCredit Group, and Bank Zachodni WBK S.A. a subsidiary of Santander Group.
For further information contact:
International Personal Finance plc
Nick Dahlgreen (Group Treasurer) +44 (0) 113 285 6921
Ben Murphy (Group Legal Director and Company Secretary) +44 (0) 113 285 6890
Rachel Moran (Investor Relations Manager) +44 (0) 113 285 6898
Nick Jones (Media) +44 (0) 113 285 6815
Provident Polska S.A.
Piotr Cybulski (Treasury Manager) +48 22 455 48 04
Roman Jamiołkowski (Head of PR bureau) +48 22 601 595 850
FTI Consulting
Paul Marriott/Neil Doyle +44(0) 20 3727 1341
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| | Annexes | | | | | | | | | | |
| | File | Description | |
