garfield
Member of DD Central
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Post by garfield on Feb 26, 2020 15:21:28 GMT
IPF Final Results
I don't hold this one, but I think it's on the site:
It is as of today!! As if you don't have a crystal ball... I wondered why you reminded me of a gypsy... 
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jlend
Member of DD Central
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Post by jlend on Feb 28, 2020 11:07:36 GMT
I held the IPF1 bond which I bought at launch, then took up the offer of the IPF2 bond last year.
This was the offer last year.
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International Personal Finance plc 6.125% 2020 Notes - Exchange Offer
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. Please note that Euroclear have now confirmed that there will not be a temporary block on trading your new Notes. The Notes will be tradable once they are credited to your account, which is expected to be from 14 June 2019.
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 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.
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.
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