ICE Sells $3.5B Bonds for MarketAxess Deal
ICE (Intercontinental Exchange) is selling up to $3.5B of investment-grade bonds in five tranches with maturities of 3 to 10 years, led by Bank of America and Wells Fargo. The longest tranche is priced at about 1.15 percentage points over comparable Treasuries. Proceeds replace ICE’s $6.25B bridge loan tied to its planned $6B MarketAxess acquisition.




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