NYSE's Parent Company ICE Launches Bond Issuance to Finance $6 Billion Acquisition of MarketAxess

BlockBeats News, August 11th, according to Bloomberg, Intercontinental Exchange Inc. (ICE) has begun issuing U.S. investment-grade corporate bonds two weeks after announcing the $6 billion acquisition of MarketAxess Holdings Inc.

According to a source familiar with the matter, the bond issuance launched on Tuesday is divided into up to five parts, with maturities ranging from 3 years to 10 years. The source, who is not authorized to publicly discuss the matter, requested anonymity.

The source added that the initial pricing guidance for the longest-dated bonds is around 1.15 percentage points above U.S. Treasury yields.