IPF today announced two further bond issues under its EMTN programme. £31.5m 6.125% UK retail bonds due 2020 were issued as a "tap" to the existing £70m bonds issued last April, bringing the total value of that issue to £101.5m. Also, Czech Koruna 250m (c£8m) 5.25% bonds due 2018 were issued. Combined with the Romanian Lieu 60.5m (c£12m) 8.1% bonds due 2016 issued last month, this provides an additional c£50m of new bond funding.
Group CEO, Gerard Ryan, commented: "We are pleased to announce the issue of two further bonds today, bringing total bond issuance to over £50m in October and November. These bonds have been issued across three different currencies, with three different maturities, combining wholesale and retail markets. This provides further funding for the continuing growth of our business. The interest rate on the bonds continues the trend for issuing debt, on a like-for-like basis, at over 500 bps lower than the Eurobond issued in 2010".
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