30 Aug 2012 14:23
30 August 2012
The information contained herein may only be released, published or distributed in the United Kingdom, Jersey and Guernsey. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this document. The bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.
INTERMEDIATE CAPITAL GROUP PLC LAUNCHES 6.25 PER CENT. RETAIL BOND DUE 2020
In line with its strategy to further diversify its sources of funding, Intermediate Capital Group plc, a leading fund manager and specialist lender, is today launching its second retail bond.
The bonds will be denominated in sterling, have a fixed coupon of 6.25 per cent. and will mature in September 2020.
This launch follows ICG's first retail bond issue in December 2011.
ICG is a FTSE 250 company and a leading specialist fund manager, providing higher yielding debt and equity to mid-sized companies and asset backed sectors.
Philip Keller, Managing Director and Chief Financial Officer, commented:
"Following the positive performance of our first retail bond last December we are pleased to return to the market with this second launch. Given the company's strong balance sheet we believe that this bond provides an excellent opportunity to invest in the group at an attractive level."
During the life of the bonds, investors can sell them at any time (within market hours and in normal market conditions) on the open market through their stockbroker. The bonds are expected to be listed on the London Stock Exchange ("LSE") and to trade on the LSE's Order Book for Retail Bonds.
The bonds are expected to be issued on or about 19 September 2012 and interest will accrue from the issue date. Interest is paid in half-yearly instalments on 19 March and 19 September each year. The bond offer is expected to remain open until 12 September 2012 but may close earlier. The bonds can be bought and sold by investors through stockbrokers or wealth managers.
Canaccord Genuity Limited is acting as lead manager.
For further information please see Intermediate Capital Group plc's website: http://www.icgplc.com/investments/retail-bond-disclaimer.aspx
For media enquiries please contact:
Maitland
Neil Bennett
Tom Eckersley
Andrea Coleman
Telephone no.: +44 (0)20 7379 5151
Notes to editors:
·; The bonds may not be suitable for all investors. Investors should ensure they fully understand the risks and seek independent financial advice.
·; Investors should note that the price of the bonds can rise and fall during the life of the investment and the price of the bonds could fall below the issue price of £100.
·; In the event that Intermediate Capital Group plc defaults or becomes insolvent, investors may lose some or all of their investment.
Disclaimer
This announcement is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended (the "Directive"), and/or Part VI of the Financial Services and Markets Act 2000. Investors should not subscribe for any bonds referred to in this announcement except on the basis of information in the Prospectus. Full information on Intermediate Capital Group plc and the offer of the bonds is only available on the basis of the combination of the Prospectus to be published in respect to the bonds and Sizing Announcement. Investors may obtain copies of the Prospectus and the Sizing Announcement (once published) on the website of the Regulatory News Services operated by the London Stock Exchange.
The offering and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. Any purchase of bonds pursuant to the offer should only be made on the basis of the information contained in the Prospectus, available as described above.
The bonds have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") and, subject to certain exceptions, may not be offered, sold or delivered within the United States. The bonds are being offered and sold outside of the United States in reliance on Regulation S of the Securities Act, and are subject to certain U.S. tax law requirements.