27th Feb 2014 17:37
LONDON (Alliance News) - ICAP PLC said Thursday its subsidiary ICAP Group Holdings PLC successfully priced EUR350 million 3.125% bonds due March 2019.
The bonds will be issued under its GBP1 billion Global Medium Term Note Programme, with a settlement expected to occur on or about March 6.
It will use the proceeds to refinance its EUR300 million 7.5% bond which matures July 2014.
The lead managers were Commerzbank Aktiengesellschaft, Lloyds Bank PLC and Merrill Lynch International.
Shares in ICAP closed up 0.2% at 427.50 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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