IPF saves £20m via new bond, buyback

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By Stefanie Linhardt
03 Apr 2014

International Personal Finance issued a €300m senior unsecured high yield bond deal in an intraday sale on Tuesday, after a roadshow last week.

The seven year notes were launched with initial price thoughts in the 6% area, before leads HSBC (billing and delivering) and Citi tightened talk to 5.875% area. The books closed at 11am UK time and the yield was set at 5.75%.

The notes were priced at par and ...

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