Levloan investor ICG hits road for institutional bond debut
Intermediate Capital Group, the UK investor in leveraged loans, is considering issuing its first institutionally-targeted corporate bond, and started meeting potential investors on Thursday. The company has used securitisation in the past.
Credit Suisse, Deutsche Bank, Lloyds and Royal Bank of Scotland are organising the "UK-orientated" roadshow, which will last "a couple of days", according to one banker.
ICG is rated BBB- (stable) by Standard & Poors and BBB- (negative) by Fitch.
The investment manager issued a £35m seven year retail bond
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