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Publication of final terms and launch of 7.75 per cent. Sterling notes due 2023

The information contained herein may only be released, published or distributed in the United Kingdom, the Isle of Man, Jersey and the Bailiwick of Guernsey in accordance with applicable regulatory requirements. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, the Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

SEE "IMPORTANT INFORMATION" BELOW

 16 May 2019

INTERNATIONAL PERSONAL FINANCE PLC

PUBLICATION OF FINAL TERMS AND LAUNCH OF 7.75 PER CENT. STERLING NOTES DUE 2023

International Personal Finance PLC (the “Issuer” or “IPF”), the holding company for a leading international home credit and digital provider of consumer finance, has today launched an offer of unsecured sterling denominated 7.75% notes due 14 December 2023 (the “Notes”). The Notes are available to retail investors in the United Kingdom and are being issued by IPF for general corporate purposes.

The Notes will bear interest at a fixed rate of 7.75% per annum, payable semi-annually in arrear in two equal instalments on 14 June and 14 December each year and will be redeemed (subject to and in accordance with their terms and conditions) at their nominal value on 14 December 2023. Holders of Notes should, in most normal circumstances, be able to sell their holdings during normal trading hours (subject to market conditions) on the open market through their stockbroker.

The Notes are expected to be rated Ba3 by Moody’s Investors Service Limited and BB by Fitch Ratings Ltd.

City & Continental Ltd and Peel Hunt LLP are appointed as Joint Lead Managers in relation to the offering.

           

The Notes have a minimum initial subscription amount of £2,000 and are available in multiples of £100 thereafter.

The offer period is now open and is expected to close at 12 noon (London time) on 7 June 2019. IPF retains the right to close the offer early, in conjunction with the Joint Lead Managers. The Notes are due to be issued on 14 June 2019 (the “Issue Date”).

The Notes are expected to be listed on the Financial Conduct Authority's Official List and admitted to trading on the London Stock Exchange's regulated market and through the electronic Order Book for Retail Bonds (ORB) segment.

A copy of the Final Terms for the Notes has been submitted to the National Storage Mechanism and will shortly be available for inspection at:  http://www.morningstar.co.uk/uk/nsm.

Commenting on the launch, Gerard Ryan, Chief Executive Officer of IPF said: “IPF plays an important role in providing credit to more than two million customers across 11 markets, through our home credit and digital lending businesses. IPF has always operated with a strong balance sheet and funding position, with a range of both wholesale and retail bonds across a number of currencies and a range of bank facilities from a core group of international banks. We first accessed the sterling retail bond market in 2013, and this new transaction forms part of our long-established debt funding strategy of maintaining a diversified portfolio of debt facilities, and extending our debt maturity profile to ensure long-term funding for the development of our business.”

-Ends-

For further information, please see IPF’s website: www.ipfin.co.uk.

For enquiries, please contact:

International Personal Finance plc

Nick Dahlgreen (General Enquiries)                                                        +44 (0) 113 285 6921

Rachel Moran (Investor Relations and media enquiries)                           +44 (0) 113 285 6798/   

                                                                                                         +44 (0) 7760 167637                                                    

FTI

Neil Doyle                                                                                                     +44 (0) 203 727 1141/

                                                                                                                   +44 (0) 7771 978 220

Antonia Powell                                                                                            +44 (0) 203 727 1486/

                                                                                                                 +44 (0) 7970 662 429

Notes to Editors

·         International Personal Finance plc (IPF) specialises in providing unsecured consumer credit to more than two million customers across 11 markets. It      operates the world’s largest home credit business and a leading fintech business, IPF Digital.

·         The award-winning business serves small sum, unsecured consumer loans and lines of credit responsibly to customers in Europe, Mexico and Australia who are underbanked or underserved by mainstream credit operators.  The home credit channel serves customers who appreciate the face-to-face, at-home service provided by agents, while its digital channel serves customers who prefer to take out credit online and repay remotely.

·         IPF has been listed on the London Stock Exchange since July 2007 and is a member of the FTSE Small-Cap Index. It also has a secondary listing on the Warsaw Stock Exchange.

·         In 2018, IPF reported credit issued of £1360.6 million, revenue of £866.4 million and delivered profit before tax of £109.3 million.

·         IPF has been included in the FTSE4Good index for more than a decade and awards won by its operations recognise the business for its customer service excellence, being a leading employer and a responsible lender.

·         IPF is rated Ba3 (Stable outlook) by Moody’s and BB (Stable outlook) by Fitch Ratings Ltd.

·         The Issuer has, by way of a separate announcement, today separately invited holders of its outstanding sterling denominated 6.125% bonds due 2020 (ISIN: XS0919406800) to offer those bonds in exchange for notes to be issued on the Issue Date and which will form a single series with the Notes issued pursuant to the offer that is the subject of this announcement.

·         IPF previously raised £101.5 million in 2013 through a retail eligible bond admitted to trading on the London Stock Exchange.

·         For more information please visit: www.ipfin.co.uk

IMPORTANT INFORMATION

This announcement is released by International Personal Finance PLC and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to an exchange offer, as described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by James Ormrod, Chief Legal Officer for International Personal Finance plc.

The Final Terms must be read in conjunction with the base prospectus dated 12 April 2019 relating to the Issuer’s Euro Medium Term Note Programme, as supplemented by a supplementary prospectus dated 7 May 2019 (together, the "Base Prospectus"), which constitutes a base prospectus for the purposes of the Prospectus Directive (as defined below). The Base Prospectus is available for viewing at https://www.ipfin.co.uk/en/investors/debt-funding-information.html.

Please note that the information contained in the Final Terms and the Base Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Final Terms and/or Base Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Final Terms or the Base Prospectus is not addressed. Prior to relying on the information contained in the Final Terms or the Base Prospectus you must ascertain from the Final Terms or the Base Prospectus (as applicable) whether or not you are part of the intended addressees of the information contained therein.

The distribution of this announcement and other information in connection with any offer of securities and/or the solicitation of offers for securities in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any securities. This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of Directive 2003/71/EC (as amended and as implemented by relevant Member States of the EEA, the "Prospectus Directive"). Any offer and sale of any securities will be made in compliance with the requirements of the Prospectus Directive.

Any securities referred to herein will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"). Subject to certain exceptions, such securities may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons. The Notes, which are in bearer form, are subject to U.S. tax law requirements. Any securities referred to herein would be offered and sold outside of the United States in reliance on Regulation S of the Securities Act. There will be no public offering in the United States.

Legal Entity Identifier: 213800II1O44IRKUZB5