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Intermediate Capital mulls bond issue

Wed, 29th Aug 2012 07:30

Mezzanine finance specialist Intermediate Capital Group is testing the water over a possible fund raising in the bond markets.The company has appointed broker Canaccord Genuity to arrange meetings with retail stockbrokers and wealth managers to discuss a possible sterling denominated retail bond issue. An offer of bonds may follow, subject to market conditions, the company revealed.The group said in its July interim management statement that it had untapped bank lines of £449m as at 30th June 2012.If any bonds are offered, they will not be registered under the US Securities Act of 1933 and, subject to certain exceptions, may not be offered, sold or delivered within the United States. JH