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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
Saba Capital and Boaz Weinstein respond to investment trustsAs investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
-
How to find top-quality companies with growing dividendsIan Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
