International Personal Finance launches bonds

International Personal Finance shares declined on Tuesday after the group launched an offer of 6.125 per cent sterling bonds due in 2020.

International Personal Finance shares declined on Tuesday after the group launched an offer of 6.125 per cent sterling bonds due in 2020.

The group, which provides small sum, short-term unsecured loans across a number of countries, said the bonds have been issued for general corporate purposes.

The bonds have a fixed interest rate of 6.12% per annum, payable semi-annually in arrears in equal instalments.

Gerard Ryan, Chief Executive Officer of IPF said: "This retail bond is part of IPF's strategy of diversifying sources of funding and extending the term of debt facilities, at lower cost to provide further funding for the future development of the business as we continue to progress our strategy for growth."

The offer period for the bonds, which have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter, is expected to close at midday on April 30th.

Shares in the company declined 2.62% to 426.60p by 13:22 Tuesday.

NR

Recommended

Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021
Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021

Most Popular

The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021