IHG has no vacancies for premiums in new deal

Mike Turner

October 01, 2020 03:15 pm

finsbury square kensington adobe stock 575x375 — View from a tall building in the City of London looking across Finsbury Square in Islington towards Kings Cross and Hampstead. The tower of Trident House, topped with a statue of the Roman God Mercury is to the foreground with the gothic Kings Cross station to the far left. Sunny day in late summer. | BasPhoto - stock.adobe.com

InterContinental Hotels (IHG), the UK hotel group, sold sterling and euro debt on Thursday without paying a concession, as market technicals and the potential for a substantial coupon increase proved enough to sweep away investors’ concerns about the sector.

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Mike Turner

Corporate Debt Editor