ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, announces that the offer period for its 6 year fixed rate 5.5% corporate bond for retail investors, which began on July 12th 2012, has now closed.
The final issue size will be £125m, which due to excess demand was increased from a target of £50m. The offer period was closed early after an initial expected close date of July 24th, 2012.
Iain Torrens, ICAP’s Group Finance Director said: “We are extremely pleased with the response to our inaugural retail bond which in just five days enabled us to increase the size from £50m to £125m. As we consider our future financing requirements we may consider further issues in this market.”