By Mary-Katherine Stinson
Lexington, Ky., Jan. 20 – Intermediate Capital Group plc priced a €500 million eight-year sustainability-linked eurobond with a 2.5% coupon rate, according to a company release.
The proceeds of the bond will be used for general corporate purposes and to repay debt as it matures.
The bond has a coupon adjustment based on the company’s progress in achieving its science-based targets.
Sustainalytics has certified that the company’s bond framework aligns with the Sustainability-Linked Bond Principles 2020.
ICG is a London-based alternative asset management firm managing $69 billion of assets.
| Issuer: | Intermediate Capital Group plc
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| Amount: | €500 million
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| Tenor: | Jan. 28, 2030
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| Bookrunner: | HSBC
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| Assessor: | Sustainalytics
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| Coupon: | 2.5%
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| Price: | 99.414
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| Announcement date: | Jan. 20
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