Sign In
21 Jul 2009 10:52
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
ICAP Group Holdings plc Announces Debut Bond Issue
London, 21 July 2009 - ICAP Group Holdings plc, a wholly owned subsidiary of ICAP plc (together with its consolidated subsidiaries, the "Group"), announces the successful pricing of €300 million 7.5 per cent bonds due 28 July 2014 ("the Bonds"). The Bonds are to be issued under the Group's £1,000,000,000 Global Medium Term Note Programme, with settlement expected to occur on or about 28 July 2009.
The proceeds will be used to: (i) refinance the £135 million term loan taken out in April 2008 to finance the purchase of Link, (ii) repay drawings under the Group's £473 million revolving credit facility, which can be redrawn, and (iii) to extend the debt maturity profile of the Group.
Application will be made to the UK Listing Authority and London Stock Exchange for the Bonds to be admitted to trading on the Official List of the UKLA and admitted to trading on the London Stock Exchange's regulated market.
The lead managers were Citigroup Global Markets Limited, HSBC Bank plc, Lloyds TSB Corporate Markets and The Royal Bank of Scotland plc
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan, and shall not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or would be unlawful if such offer, solicitation or sale did not fall under an exemption from registration or qualification under the securities laws of any such jurisdiction. In particular, the information in this press release does not constitute an offer for sale within the United States of any security of ICAP Group Holdings plc or any of its affiliates.
Contacts
Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103
Candice Adam Corporate Communications +44 (0) 20 7050 7104
About ICAP
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com
Follow the stocks
