REG - TP ICAP PLC - Issue of £500m Fixed Rate Senior Unsecured Notes <Origin Href="QuoteRef">TCAPI.L</Origin>

TP IcapAnnouncement

19/01/2017 17:35

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, +44 (0)20 7200 7147
Sam.Dobbyn@tpicap.com
Media:
Rebecca Shelley, +44 (0)20 7200 7750
Rebecca.Shelley@tpicap.com
Brunswick Group
Brian Buckley
Eilis Murphy
+44 (0)20 7404 5959
tpicap@brunswickgroup.com

This information is provided by RNS
The company news service from the London Stock Exchange
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