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LONDON - International Personal Finance plc (IPF) has priced SEK 1 billion (approximately $100 million) in senior unsecured floating rate notes due 2028, according to a press release statement issued Thursday. The notes will carry a floating interest rate of three-month STIBOR plus 5.75 percent with a zero floor.
The notes are expected to be admitted to trading on the Frankfurt Open Market (Freiverkehr) following their issuance on November 10, 2025. They will mature on November 10, 2028, and were issued at 100 percent of their nominal value.
The offering will be guaranteed by several IPF subsidiaries, including IPF Holdings Limited, International Personal Finance Investments Limited, IPF International Limited, and IPF Digital Group Limited.
IPF, which provides consumer finance to customers typically excluded from mainstream financial services, reported that the issue was oversubscribed. The company described this as its largest bond issuance in the Nordic capital market to date.
Gerard Ryan, CEO of IPF, said the funding would support the company's growth and advance its financial inclusion objectives for consumers underserved by mainstream lenders.
ABG Sundal Collier AB served as the dealer for the transaction, with Slaughter and May appointed as legal counsel for IPF and Gernandt & Danielsson Advokatbyrå KB as counsel for the dealer.
The notes are not being offered in the United States and have not been registered under the U.S. Securities Act.
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