Slaughter and May advised International Personal Finance plc (IPF), a leading international home credit business with a market capitalisation of circa £1.3 billion and a FTSE 250 company, on the update of its EUR 1 billion Euro Medium Term Note Programme (the Programme).

Slaughter and May also advised IPF on the invitation to holders of its EUR 225 million 11.5% guaranteed notes due 2015 to tender any and all of such notes for purchase by IPF for cash, and the simultaneous issuance under the Programme of EUR 300 million 5.75% senior unsecured unsubordinated fixed rate notes due 2021. The notes have been admitted to trading on the main market of the London Stock Exchange.

CONTACTS

Financing: Charles Harvey-Kelly (partner), Emily Stratten (associate), Ivo Stourton (associate), Claire Cooke (associate); Tax: Tony Beare (partner), Stefan Farahani (associate)