Leading UK online broker IG Group (LON:IGG) has announced that the company has raised £250 million (USD $335 million) via the sale of five year debt. IG sold 6.125% Senior Notes due October 2030, pursuant to the base prospectus dated 12 May 2025 relating to the £1 billion Euro Medium Term Note Programme of IG Group Holdings plc.
Sold at a price of 99.854 (for a true yield of 6.142%), the offering raised net proceeds of £248,860,000 for IG. The company said that the proceeds of the issue of the Notes will be used for general corporate purposes.
Lead Managers for the offering included Barclays, HSBC, Lloyds Bank, and NatWest, with Westpac acting as Passive Lead Manager.
IG Group recently reported that it expects FY25 revenue and pre-tax profit to meet or exceed upper end of range of consensus estimates.
