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NYSE Parent ICE Kicks Off Bond Sale for MarketAxess Takeover

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Bonds NYSE Parent ICE Kicks Off Bond Sale for MarketAxess Takeover Intercontinental Exchange Inc. has begun the sale of US investment-grade bonds two weeks after announcing a $6 billion deal to acquire MarketAxess Holdings Inc. Tuesday’s note offering is in as many as five parts, with maturities of three to 10 years, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. Price talk for the longest-tenored bond is a premium...

Bonds NYSE Parent ICE Kicks Off Bond Sale for MarketAxess Takeover Intercontinental Exchange Inc. has begun the sale of US investment-grade bonds two weeks after announcing a $6 billion deal to acquire MarketAxess Holdings Inc. Tuesday’s note offering is in as many as five parts, with maturities of three to 10 years, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. Price talk for the longest-tenored bond is a premium of about 1.15 percentage points above Treasuries, the person added.
NYSE (ORG) MarketAxess (ORG) Intercontinental Exchange Inc. (ORG) US (LOCATION) MarketAxess Holdings Inc. (ORG) Treasuries (ORG)
Originally published by Bloomberg Markets Read original →