Issue of £500m Fixed Rate Senior Unsecured Notes

RNS Number : 6654U

TP ICAP PLC

19 January 2017

 

TP ICAP plc

19 January 2017

Issue of £500m Fixed Rate Senior Unsecured Notes

TP ICAP plc ("TP ICAP") announces today the successful execution of £500 million Fixed Rate Senior Unsecured Notes due 2024 with a semi-annual coupon of 5.25% (subject to adjustment in accordance with the terms of the Notes). TP ICAP expects the Notes to be issued on 26 January 2017.  The joint lead managers for the issue are Bank of America Merrill Lynch, HSBC, Lloyds and NatWest Markets.

Commenting on the issue, Andrew Baddeley, CFO of TP ICAP said "The completion of this important transaction and the strength and depth of investor demand strongly endorse the TP ICAP business. In the first issue of TP ICAP debt, we have successfully refinanced the banking facility used to complete the acquisition of ICAP's Global Broking and Information Services Business. We are now moving forward with our strategy of delivering value for our clients, employees and investors."

Enquiries:

TP ICAP plc

Analysts/investors:

Sam Dobbyn, [phone]

[e-mail]

Media:

Rebecca Shelley, [phone]

[e-mail]

Brunswick Group

Brian Buckley

Eilis Murphy

[phone]

[e-mail]

 

END

 

 

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