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
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
