DLA Piper advises IPF on issuance and settlement of Senior Unsecured Notes in Poland under EMTN programme
DLA Piper has advised International Personal Finance plc (IPF) on the successful issuance and settlement of PLN72 million Senior Unsecured Floating Rate Notes under the IPF’s EUR1 billion Medium Term Note Programme, most recently updated on 24 August, 2023.
IPF, a leading international home credit and digital lending business, successfully settled the issuance, diversifying its funding profile and unlocking new funding opportunities in the region. The Notes mark a strategic move for IPF, reinforcing its commitment to financial innovation and growth.
The Notes have been admitted to listing and trading on the regulated market of the Irish Stock Exchange plc (trading as Euronext Dublin). In addition to clearing through Euroclear and Clearstream, the Notes are also cleared through KDPW, the central securities depository of Poland.
The DLA Piper team was led by Louise Hennessey, partner in the firm’s Finance practice. She was supported by Mark Dwyer (partner, Finance, London) and Rafał Kluziak (partner, Corporate, Warsaw), Michał Bałdowski, (senior associate, Corporate, Warsaw) and Marek Kłeczek (counsel, Corporate, Warsaw).
Louise Hennessey, based in DLA Piper’s London office commented: “Once again, DLA Piper has demonstrated its capabilities of working across borders with this transaction supporting IPF plc on this issuance under its EMTN programme. This transaction represents a diversification of IPF’s funding profile and presents us with an opportunity for IPF and DLA Piper’s UK and Warsaw teams to collaborate further.”