Intention to Issue Sterling Bonds
11 March 2015
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 document. The information contained herein may be released, published or distributed in the United Kingdom, Jersey, the Bailiwick of Guernsey and the Isle of Man only, in accordance with the applicable regulatory requirements.
This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). Investors should not subscribe for any Bonds (as defined below) referred to in this announcement except on the basis of information in the prospectus dated 27 February 2015 (the "Prospectus") and the final terms (the "Final Terms") in its final form which will be published by International Personal Finance plc (the "Issuer" or "IPF"). Before any Offer (as defined below) commences, copies of the Prospectus and the Final Terms will be made available to the public as required by Part VI of the FSMA.
This announcement is a financial promotion prepared by the Issuer and approved by Canaccord Genuity Limited (the "Lead Manager") solely for the purposes of section 21(2)(b) of the FSMA. The Lead Manager (incorporated in England with registered No. 1774003) whose registered office is 88 Wood Street, London, EC2V 7QR, is authorised and regulated by the Financial Conduct Authority.
No reliance may be placed on the Lead Manager for advice or recommendations of any sort. The Lead Manager makes no representation or warranty to you with regard to the information contained in this announcement. The content of this announcement is believed to be reliable but, in so far as it may do so under applicable law, the Lead Manager does not warrant or make any representation as to its completeness, reliability or accuracy.
The Lead Manager is acting for the Issuer and is acting for no-one else in connection with any offer of Bonds and will not be responsible to anyone other than the Issuer for providing the protections afforded to clients of the Lead Manager nor for providing advice in connection with any offer of Bonds or any other matter referred to herein.
INTERNATIONAL PERSONAL FINANCE PLC INTENTION TO ISSUE STERLING BONDS
IPF today announces that it expects to proceed with an offer (the "Offer") of Sterling bonds (the "Bonds") with an expected maturity of between 7 and 9 years and an expected coupon of between 5.50% and 5.75%.
OFFER HIGHLIGHTS
· The Bonds are expected to have a maturity of between 7 and 9 years and an expected coupon of between 5.50% and 5.75% per annum
· The Bonds are expected to be listed on the Official List of the UK Listing Authority and admitted to trading on the regulated market of the London Stock Exchange
· The Bonds are also expected to be eligible for the London Stock Exchange's electronic Order book for Retail Bonds
· The Offer is expected to take place in the coming weeks
· The minimum application size is expected to be £2,000
· The Offer is expected to comprise an offer to institutional investors (in the UK and certain jurisdictions elsewhere outside the United States under Regulation S) and, subject to appropriate law and regulation, an offer to members of the public located in the UK, the Channel Islands and the Isle of Man
IPF HIGHLIGHTS
· IPF is the holding company for a leading provider of home credit in emerging markets
· IPF and its subsidiaries (the "Group") operate in the international home credit market and provide small sum, primarily home collected, short-term unsecured loans in Europe and Mexico and have, in addition, established a digital lending business
· As at 31 December 2014 the Group had over 2.6 million customers and generated profit before tax and exceptional items of £123.5 million in the year ended 31 December 2014
· Rated BB+ (Outlook Stable) by Fitch Ratings Ltd
· IPF has previously raised £101.5 million through a bond listed on the London Stock Exchange's electronic Order book for Retail Bonds
For further information, please contact:
International Personal Finance plc
Nick Dahlgreen (General Enquiries) +44 (0) 113 285 6700
Rachel Moran (Investor Relations)
Nick Jones (Media)
FTI Consulting
Neil Doyle +44 (0) 20 3727 1141
Paul Marriott +44 (0) 20 3727 1341
Canaccord Genuity
Adrian Bell +44 (0) 20 7523 8000
Mark Glowrey
Henrietta Podd
IMPORTANT INFORMATION
The offering and the distribution of this announcement and other information in connection with any offer 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 law 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 Bonds. Any purchase of Bonds pursuant to any Offer should only be made on the basis of the information contained in the Prospectus, which will contain important risk factors, and the Final Terms relating to any Bonds to be issued.
The Bonds intended to be offered will not be registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). Subject to certain exceptions, the Bonds may not be offered, sold or delivered within the United States or to, or for the account or benefit of U.S. persons. The Bonds are expected to 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 information is provided by RNS
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