24 Sep 2010
IPF today announces that, as part of the Group's strategy to diversify its sources of funding and extend its debt maturity profile, Polish zloty 200 million (£42.9 million) Polish bonds maturing 30 June 2015 have been priced. The coupon is a floating rate of 6 month WIBOR (the relevant Polish bank reference rate) plus a margin of 750 basis points. The bonds will be listed on the alternative trading system arranged by BondSpot S.A. in Warsaw (Catalyst bond platform).
The proceeds of the issue will be used to pay down a portion of bank borrowings.
The book-runner was Bank Polska Kasa Opieki S.A., a subsidiary of Unicredit Group.
Susan Tudor-Coulson
Deputy Company Secretary
+44 (0) 113 285 6868
For further information contact:
John Mitra (Media)
+44 (0) 113 285 6784
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