Intercontinental Exchange Launches Investment-Grade Bond Issuance to Finance $6 Billion Acquisition of MarketAxess

TechFlow News, August 11. According to Bloomberg, Intercontinental Exchange Inc. has launched a U.S. investment-grade bond issuance, just two weeks after it announced the acquisition of MarketAxess Holdings Inc. for $6 billion. The bond issuance is divided into up to five tranches, with maturities ranging from 3 to 10 years. Of these, the preliminary price guidance for the longest-term bonds is approximately 115 basis points higher than U.S. Treasury bonds.