Slaughter and May advised International Personal Finance plc ('IPF'), a leading international home credit business with a market capitalisation of £1 billion and a FTSE 250 company, on its first public offer and issuance of retail bonds (the 'Bonds'). The sterling-denominated Bonds bear a fixed coupon of 6.125% and will mature in May 2020.

The Bonds, issued under IPF's existing euro medium term note programme, have been admitted to trading on the main market of the London Stock Exchange (the 'LSE') and are tradable through the LSE's electronic Order book for Retail Bonds. IPF raised £70 million through the issuance.

CONTACTS

Financing: Charles Harvey-Kelly (partner), Ivo Stourton (associate), Jonathan Keane (associate)

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