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International Personal Finance plc (IPF1) 6.125% Notes 2020

Sell:£100.60 Buy:£101.90 Change: No change *
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Conversion

International Personal Finance plc 6.125% Notes 2020

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2019)

What is happening?

 

International Personal Finance plc (IPF) has announced the terms of an Exchange Offer open to holders of its 6.125% Notes due 2020. The Offer allows 6.125% 2020 Noteholders to exchange some or all of their Notes for newly issued International Personal Finance plc Fixed Rate Senior Unsecured 7.75% Notes due 2023. 

 

The purpose of the Exchange Offer is to extend the maturity profile of IPF’s debt financing.

 

As a holder of IPF 6.125% 2020 Notes held within your Hargreaves Lansdown Account you have been offered the opportunity to put forward some or all of your Notes in exchange for new IPF 7.75% 2023 Notes.

 

New Notes will be issued on a 1 for 1 basis with holders receiving £100 in nominal amount of the new Notes for every £100 in nominal amount of the existing Notes successfully exchanged.

 

Noteholders are also being offered an Exchange Fee of £1.50 for each £100 in principal amount of the existing 6.125% 2020 Notes exchanged. Noteholders will also receive a payment for any accrued interest on their IPF 6.125% 2020 Notes successfully exchanged.

 

IPF reserves the right to terminate or extend the Offer at its own discretion.

 

What are my options?

 

Option 1 – Offer to Exchange a number of Notes. If you wish to Offer some or all of your IPF 6.125% 2020 Notes for Exchange then your instruction must be received by our deadline of noon on Wednesday 5 June 2019. Any Notes that are offered for exchange must be for a minimum of £1,000 in nominal amount and in multiples of £100 thereafter. Noteholders will receive a £1.50 Exchange Fee for each £100 in principal amount exchanged.

 

Option 2 – Take no action. Noteholders are not obliged to Exchange any number of Notes. If you do not return an instruction no Notes will be submitted for exchange on your behalf and your holding of IPF 6.125% 2020 Notes will remain unchanged. Please note that depending on the number of Notes other Noteholders successfully exchange the liquidity and the price of the remaining notes may be affected. 

 

New IPF 7.75% 2023 Notes resulting from any successful exchange are expected to be credited to your Account from 14 June 2019. Please note that there will be a temporary block on your ability to trade your new Note which will be lifted after 25 July 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:£100.60
Buy:£101.90
Change: No change *
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Conversion

International Personal Finance plc 6.125% Notes 2020

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2019)

What is happening?

 

International Personal Finance plc (IPF) has announced the terms of an Exchange Offer open to holders of its 6.125% Notes due 2020. The Offer allows 6.125% 2020 Noteholders to exchange some or all of their Notes for newly issued International Personal Finance plc Fixed Rate Senior Unsecured 7.75% Notes due 2023. 

 

The purpose of the Exchange Offer is to extend the maturity profile of IPF’s debt financing.

 

As a holder of IPF 6.125% 2020 Notes held within your Hargreaves Lansdown Account you have been offered the opportunity to put forward some or all of your Notes in exchange for new IPF 7.75% 2023 Notes.

 

New Notes will be issued on a 1 for 1 basis with holders receiving £100 in nominal amount of the new Notes for every £100 in nominal amount of the existing Notes successfully exchanged.

 

Noteholders are also being offered an Exchange Fee of £1.50 for each £100 in principal amount of the existing 6.125% 2020 Notes exchanged. Noteholders will also receive a payment for any accrued interest on their IPF 6.125% 2020 Notes successfully exchanged.

 

IPF reserves the right to terminate or extend the Offer at its own discretion.

 

What are my options?

 

Option 1 – Offer to Exchange a number of Notes. If you wish to Offer some or all of your IPF 6.125% 2020 Notes for Exchange then your instruction must be received by our deadline of noon on Wednesday 5 June 2019. Any Notes that are offered for exchange must be for a minimum of £1,000 in nominal amount and in multiples of £100 thereafter. Noteholders will receive a £1.50 Exchange Fee for each £100 in principal amount exchanged.

 

Option 2 – Take no action. Noteholders are not obliged to Exchange any number of Notes. If you do not return an instruction no Notes will be submitted for exchange on your behalf and your holding of IPF 6.125% 2020 Notes will remain unchanged. Please note that depending on the number of Notes other Noteholders successfully exchange the liquidity and the price of the remaining notes may be affected. 

 

New IPF 7.75% 2023 Notes resulting from any successful exchange are expected to be credited to your Account from 14 June 2019. Please note that there will be a temporary block on your ability to trade your new Note which will be lifted after 25 July 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:£100.60
Buy:£101.90
Change: No change *
Market closed |  Prices as at close on 4 September 2018 | Switch to live prices |
Conversion

International Personal Finance plc 6.125% Notes 2020

Type:
Conversion
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 23 May 2019)

What is happening?

 

International Personal Finance plc (IPF) has announced the terms of an Exchange Offer open to holders of its 6.125% Notes due 2020. The Offer allows 6.125% 2020 Noteholders to exchange some or all of their Notes for newly issued International Personal Finance plc Fixed Rate Senior Unsecured 7.75% Notes due 2023. 

 

The purpose of the Exchange Offer is to extend the maturity profile of IPF’s debt financing.

 

As a holder of IPF 6.125% 2020 Notes held within your Hargreaves Lansdown Account you have been offered the opportunity to put forward some or all of your Notes in exchange for new IPF 7.75% 2023 Notes.

 

New Notes will be issued on a 1 for 1 basis with holders receiving £100 in nominal amount of the new Notes for every £100 in nominal amount of the existing Notes successfully exchanged.

 

Noteholders are also being offered an Exchange Fee of £1.50 for each £100 in principal amount of the existing 6.125% 2020 Notes exchanged. Noteholders will also receive a payment for any accrued interest on their IPF 6.125% 2020 Notes successfully exchanged.

 

IPF reserves the right to terminate or extend the Offer at its own discretion.

 

What are my options?

 

Option 1 – Offer to Exchange a number of Notes. If you wish to Offer some or all of your IPF 6.125% 2020 Notes for Exchange then your instruction must be received by our deadline of noon on Wednesday 5 June 2019. Any Notes that are offered for exchange must be for a minimum of £1,000 in nominal amount and in multiples of £100 thereafter. Noteholders will receive a £1.50 Exchange Fee for each £100 in principal amount exchanged.

 

Option 2 – Take no action. Noteholders are not obliged to Exchange any number of Notes. If you do not return an instruction no Notes will be submitted for exchange on your behalf and your holding of IPF 6.125% 2020 Notes will remain unchanged. Please note that depending on the number of Notes other Noteholders successfully exchange the liquidity and the price of the remaining notes may be affected. 

 

New IPF 7.75% 2023 Notes resulting from any successful exchange are expected to be credited to your Account from 14 June 2019. Please note that there will be a temporary block on your ability to trade your new Note which will be lifted after 25 July 2019.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
£101.25
Trade high:
n/a
Year high:
£102.05
Modified duration:
n/a
Previous close:
£101.25
Trade low:
n/a
Year low:
£97.38
Gross redemption yield
GRY
:
5.1960%
Previous:
£0.05 (0.05%)
Previous:
£0.05
Volume:
n/a
Currency:
GBP
Running yield:
6.049%
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents

Fundamental data

Issuer: INTERNATIONAL PERSONAL FINANCE PLC
Parent company: INTERNATIONAL PERSONAL FINANCE PLC
Structure: Fixed Income/Fixed Rate Bond
Coupon (%): 6.1250%
Coupon type: Fixed Coupon
Coupon frequency: Bi-annually
Redemption date: 8 May 2020
Issue date: n/a
Issue price: n/a
Issue size: n/a
Online trading:  
Denomination size: £100.00
Minimum initial investment: £100.00
ISIN: XS0919406800

Values are quoted in the stock's local currency.

Time / date Time Buy / sell Type Volume Price Value
16:10 - 22/05 16:10
22/05
n/a 78 £101.00 £78.78
14:50 - 22/05 14:50
22/05
n/a 1348 £101.00 £1,361.48
14:49 - 22/05 14:49
22/05
n/a 397 £101.03 £401.07
14:44 - 22/05 14:44
22/05
n/a 264 £101.03 £266.71
13:39 - 22/05 13:39
22/05
n/a 39 £101.03 £39.40

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Annual & interim reports

Annual & interim reports are not available for this stock.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided Factset. 'Recent trades' provided by MoneyAM. Fundamental data provided by Thomson Reuters.
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Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.