IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

806.00p
   
  • Change Today:
      5.50p
  • 52 Week High: 952.50
  • 52 Week Low: 750.00
  • Currency: UK Pounds
  • Shares Issued: 431.57m
  • Volume: 206,619
  • Market Cap: £3,478.49m
  • RiskGrade: 149
  • Beta: 0.02

IG Group completes comprehensive debt refinancing

By Michele Maatouk

Date: Friday 12 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform IG Group said on Friday it has successfully completed a comprehensive debt refinancing exercise and the implementation of a long-term funding structure.
IG has issued £300m worth of unsecured bonds due 2028 and agreed a new £300m committed revolving credit facility with an initial maturity of three years. The company said it has the ability to request an increase in the RCF size to £400m and to request two maturity extensions of one year each, all subject to bank approval.

IG's total available credit facilities have now risen from £375m to £600m, with the potential to rise to £700m if the new revolving credit facility is increased in size.

Chief financial officer Charlie Rozes said: "This comprehensive refinancing puts in place a long term funding structure that provides the Group with a balanced mix of senior debt arrangements with attractive maturities.

"This will enable the board to continue to pursue its value-enhancing strategic objectives with confidence, while at the same time managing our risks by strengthening our capital base and liquidity position. We welcome our bondholders as new stakeholders in the business, and are very grateful to our relationship banks for their continued support."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IGG Market Data

Currency UK Pounds
Share Price 806.00p
Change Today 5.50p
% Change 0.69 %
52 Week High 952.50
52 Week Low 750.00
Volume 206,619
Shares Issued 431.57m
Market Cap £3,478.49m
Beta 0.02
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.21% above the market average60.21% above the market average60.21% above the market average60.21% above the market average60.21% above the market average
19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average
Price Trend
23.5% below the market average23.5% below the market average23.5% below the market average23.5% below the market average23.5% below the market average
31.88% below the sector average31.88% below the sector average31.88% below the sector average31.88% below the sector average31.88% below the sector average
Income
95.76% above the market average95.76% above the market average95.76% above the market average95.76% above the market average95.76% above the market average
89.33% above the sector average89.33% above the sector average89.33% above the sector average89.33% above the sector average89.33% above the sector average
Growth
90.68% above the market average90.68% above the market average90.68% above the market average90.68% above the market average90.68% above the market average
74.79% above the sector average74.79% above the sector average74.79% above the sector average74.79% above the sector average74.79% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGG Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Sep-21 28-Jan-21
Paid 21-Oct-21 25-Feb-21
Amount 30.24p 12.96p

Trades for 18-Jan-2022

Time Volume / Share Price
12:53 61 @ 806.00p
12:53 250 @ 806.00p
12:50 250 @ 805.50p
12:50 250 @ 805.50p
12:50 49 @ 805.50p

IGG Key Personnel

CEO June Felix
COO Jon Noble
Chair Robert Michael McTighe

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