TP ICAP Finance Repurchases £230.5M in 5.25% Bonds Due 2026 — Key Insights for Investors

TP ICAP Finance Successfully Completes £230.5M Bond Buyback Ahead of 2026 Maturity

Strategic repurchase leaves just £19.4M in notes outstanding — What this means for investors and bondholders

London, UK – June 12, 2025 — TP ICAP Finance plc has confirmed it accepted valid tenders totaling £230,547,000 in aggregate principal amount of its £250,000,000 5.250% Notes due 2026, the company announced Wednesday.

The bond repurchase offer, which expired at 4:00 p.m. London time on June 10, will settle at a cash purchase price of 100.60% of the nominal value of the notes. Following the settlement, £19,453,000 in aggregate principal will remain outstanding.

Key Details of the Bond Buyback Offer

• Offer Expiry Date: Tuesday, June 10, 2025

• Settlement Date: Expected Thursday, June 12, 2025

• Purchase Price: 100.60% of the nominal value

• Amount Repurchased: £230.5 million

• Notes Remaining in Circulation: £19.4 million

The transaction is subject to the satisfaction or waiver of the New Financing Condition, as detailed in the official company statement.

Who Managed the Transaction?

The repurchase offer was originally launched on June 3, 2025, inviting eligible bondholders to tender their notes for cash. The process was managed by leading financial institutions:

• HSBC Bank plc

• Merrill Lynch International

Additionally, Kroll Issuer Services Limited acted as tender agent throughout the offer period.

Regulatory Context

This announcement was published as part of a Regulatory Information Announcement (RIA) and contains inside information under the UK Market Abuse Regulation (MAR). These disclosures are required to ensure transparency and fair trading conditions in the financial markets.

What This Means for Investors

This successful repurchase reduces TP ICAP’s outstanding debt significantly, and may indicate strong liquidity, capital discipline, and strategic debt management ahead of the 2026 maturity. For bondholders, the premium buyback price offers a solid return on early redemption.

For fixed-income investors and analysts tracking the corporate bond market, TP ICAP’s move may signal confidence in refinancing capabilities or a desire to improve its balance sheet profile ahead of new financial initiatives.