International Personal Finance unit to buy back PLN 90.6 million bonds

By Susanna Moon

Chicago, June 3 – International Personal Finance plc said subsidiary IPF Investments Polska sp zoo will buy back PLN 90.6 million of bonds due June 30, 2015 using proceeds of a new issue.

Interest on the bonds is six-month Wibor plus a margin of 750 basis points.

The remaining PLN 109.4 million of the bonds will be repaid at maturity, according to a company notice.

Funding for the redemption will come from the issue of PLN 200 million of five-year floating-rate bonds with interest of six-month Wibor plus 425 bps.

The issuer is a Leeds, England-based provider of home credit in emerging markets.

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