19th Mar 2015 12:20
LONDON (Alliance News) - International Personal Finance PLC on Thursday said it has launched an offer of sterling-denominated notes due October 2022.
IPF said the notes are available to retail investors and are being issued to raise funds for general corporate purposes. The offer period is open now and is expected to close on April 8.
Canaccord Genuity is handling the issue.
"This retail bond is part of IPF's strategy of having longer term, lower cost debt capital from diversified sources, to fund the further growth of the business," said IPF Chief Executive Officer Gerard Ryan.
Shares in the company were up 2.2% to 462.77 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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