Intermediate Capital mulls bond issue

published 29 August 2012

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

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.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.