Market Chatter: Intercontinental Exchange Begins Bond Sale for MarketAxess Acquisition

MT Newswires Live
Aug 11

Intercontinental Exchange (ICE) has commenced a US investment-grade bond sale in as many as five parts two weeks after announcing a $6 billion deal to acquire MarketAxess Holdings (MKTX), Bloomberg reported Tuesday, citing a person familiar with the matter.

Maturities for the offering range from three to 10 years, with price talk for the longest-tenored bond is for a premium of about 1.15 percentage points above Treasuries, the report said, citing the person.

ICE didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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