Slaughter and May advised International Personal Finance plc on the update of its Debt Issuance Programme

Slaughter and May advised International Personal Finance plc (“IPF”), a consumer credit provider with 1.7 million customers across 11 international markets, on the update of its Debt Issuance Programme (the “Programme”) under which IPF is the Issuer and each of IPF Holdings Limited, International Personal Finance Investments Limited, IPF International Limited and IPF Digital Group Limited are Guarantors. As part of the update, the Programme has been approved by the UK’s Financial Conduct Authority (as previously) and also the Central Bank of Ireland, in order to allow Notes issued under the Programme to be listed on either the Main Market of the London Stock Exchange, in the case of retail and wholesale offerings in the UK, or on the Regulated Market of Euronext Dublin, in the case of wholesale offerings in the EEA. HSBC is the Arranger for the Programme.

The Programme is one of the first dual-listed corporate debt issuance programmes for which the base prospectus is approved by both an EU regulator and the Financial Conduct Authority under the relevant EU and UK regulatory regimes respectively in the post-Brexit period.

Financing
Richard Jones Partner
Christopher McCabe Associate
Henry Davall Associate

Matthew Ward / Trainee