Building a better world

We are a global financial services company playing a vital role in the lives of millions by providing unsecured, affordable credit and great value insurance products, in a responsible way.

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IPF customer

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A people business

The IPF Group is a people business with over 21,000 colleagues supporting over 1.7 million customers across 9 different markets. Regardless of location, we aim to attract, inspire, and engage a talented workforce which flourishes and is proud to work for us.

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Our culture & values

We are a people business, understand the culture and values which underpins our workforce.

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Creating social value

We are a purpose led organisation that strives to be an uncompromising force for good in the markets in which we operate, while maximising value for customers and investors.

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Sustainability Report 2025

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Possible offer information

Please click the arrow below to access the materials for the Exchange Offer and the Cash Offer.

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Debt investors

We maintain a diversified debt funding structure, with a mix of bond and bank facilities and a balanced maturity profile. We access debt capital markets regularly and our bank facilities have a good strategic and geographic fit with our business. We also aim to maintain a prudent level of headroom in cash and on undrawn bank facilities to cover forecast borrowings.

  • We balance the interests of both our equity and debt stakeholders.
  • We target an equity-to-receivables ratio of 40%.
  • We manage liquidity requirements by maintaining prudent headroom over forecast borrowings.
  • We ensure that our debt maturity profile is materially longer than our receivables maturity profile.
  • We fund our operating businesses in the currency of the market where each one operates.
  • We actively manage interest rate and currency risks.
  • We ensure access to multiple funding sources – we have three distinct bond markets and a mix of international and local banks funding our operating businesses.

Total debt facilities

At 31 December 2025, we had £750m of debt facilities in place.

 2026 (£m)2027 (£m)2028 (£m)2029 (£m)2030 (£m)Total (£m)
Bonds      
Euro   297.3 297.3
Polish15.0    15.0
Swedish  80.7  80.7
Retail 80.0   80.0
Hungarian10.1    10.1
Total Bonds25.180.080.7297.3-483.1
       
Term Loans6.140.927.813.1 87.9
Revolving Credit Facilities65.836.829.3  131.9
On Demand Facilities46.9    46.9
Total Bank Facilities118.877.757.113.1-266.7
       
Total Facilities143.9157.7137.8310.4-749.8
 20%21%18%41%0%100%

Details of all our bonds are provided in the table below: 

DescriptionISINStart dateMaturity dateIssued amountCoupon classCouponListingRating
EUR EMTN 2029XS283577325514-Jun-2414-Dec-29EUR 341,000,000Fixed10.75%LondonFitch BB, Moody’s Ba3
GBP EMTN retail 2027XS255148605812-Dec-2212-Dec-27GBP 80,000,000Fixed12.0%LondonFitch BB, Moody's Ba3
PLN EMTN 2026XS270760953803-Nov-2303-Nov-26PLN 72,000,000Floating8.50% + 6m WIBOR (0% floor)IrelandNo
EUR EMTN 2026XS273360654018-Dec-2318-Dec-26EUR 11,600,000Fixed11.50%IrelandNo
SEK EMTN 2028XS322273266410-Nov-2510-Nov-28SEK 1,000,000,000 Floating5.75% + 3m STIBOR (0% floor)Frankfurt Open MarketNo
SEK EMTN 2028XS335961145908-May 202610-Nov-28SEK 950,000,000Floating5.75% + 3m STIBOR (0% floor) No

DateInfoLink
24 June 2026SEK Drawdown ProspectusView document (PDF)
29 May 2026EMTN Base ProspectusView document (PDF)
29 May 2026Trust DeedView document (PDF)
30 April 2026Amendment DeedView Document (PDF)
30 October 2025Trust Deed View Document (PDF)
30 October 2025Agency AgreementView Document (PDF)
12 June 2024Final TermsView document (PDF)
6 June 2024Trust DeedView document (PDF)
24 August 2023Trust DeedView document (PDF)
27 November 2023Amended and Restated Exchange Offer Final TermsView document (PDF)
27 November 2023Amended and Restated Cash Offer Final TermsView document (PDF)
2 November 2023Exchange Offer MemorandumView document (PDF)
25 August 2022Trust DeedView document (PDF)
12 November 2020Agency AgreementView document (PDF)

DateInfoLink
6 June 2024EMTN ProspectusView document (PDF)
27 August 2015Supplementary prospectusView document (PDF)
9 November 2015Supplementary prospectusView document (PDF)
22 March 2016               EMTN prospectusView document (PDF)
8 September 2016        Supplementary prospectusView document (PDF)
4 May 2017                      
EMTN prospectusView document (PDF)
16 June 2017                  Supplementary prospectusView document (PDF)
23 November 2017      Supplementary prospectusView document (PDF)
8 May 2018                      EMTN prospectusView document (PDF)
11 June 2018                  Drawdown ProspectusView document (PDF)
31 October 2018          Supplementary prospectusView document (PDF)
12 April 2019                  EMTN prospectusView document (PDF)
7 May 2019                      Supplementary prospectusView document (PDF)
22 November 2019      Supplementary prospectusView document (PDF)
13 March 2020               EMTN prospectusView document (PDF)
10 November 2020      Drawdown ProspectusView document (PDF)
26 August 2021              EMTN prospectusView document (PDF)
25 August 2022      EMTN prospectusView document (PDF)
 4 November 2022          Supplementary prospectusView document (PDF)
21 November 2022       Supplementary prospectusView document (PDF)
24 August 2023              EMTN prospectusView document (PDF)

Credit ratingLong-termOutlookCurrent report
FitchBBStableFitch report 29/05/2025
Moody'sBa3StableMoody's report 02/02/2026

Our treasury policies address the key treasury risks that the business faces. The policies are designed to provide robust risk management, even in more volatile financial markets and economic conditions within our planning horizon. In addition to these policies, our operational procedures and controls ensure that funds are available in the right currency at the right time to serve our customers throughout the Group.

Funding policy

  • Ensure a resilient funding position for existing business and future growth to be maintained. 
  • Maintain a prudent level of headroom on undrawn bank facilities. 

Currency policy 

  • Ensure funding of receivables portfolios with local currency borrowings (directly or indirectly) to achieve a high level of balance sheet hedging. 
  • We do not hedge the translational risk of foreign currency movements on accounting profits and losses. 

Interest rate policy

  • Significant portion of financial liabilities at fixed interest rates.

Counterparty policy 

  • Requires material exposures to financial counterparties to be limited to BBB-rated entities as a minimum.

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