International Personal Finance plc (“IPF”), the holding company for a global international consumer finance business, helping people excluded from mainstream finance to access simple, personal and affordable credit, has successfully priced SEK 1,000 million senior unsecured floating rate notes with a tenor of 3 years (the “Notes”). The Notes carry a floating interest rate of 3m STIBOR plus 5.75 per cent. and are expected to be admitted to trading on the Frankfurt Open Market.
This is IPF’s largest issuance in the Nordic capital market to date and the transaction received strong demand from both international and Nordic investors – resulting in the issue being well oversubscribed.
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