International Personal Finance Plans 5Y EUR200M High Yield Bond

27th Jul 2010 10:06

LONDON (Dow Jones)--Lender International Personal Finance PLC (IPF.LN) is planning a five-year, EUR200 million high-yield bond to repay the company's existing bank debt, one of the banks working on the deal said Tuesday. Citi and HSBC Holdings PLC are joint bookrunners on the unsecured notes. The launch of the bond Tuesday comes after the company established a EUR1 billion euro medium-term note program in April. Fitch Ratings has assigned a BB+ rating to the issue. International Personal Finance is listed in London and focuses on emerging market home-collected, small unsecured loans. By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires July 27, 2010 05:06 ET (09:06 GMT)