Global law firm Ashurst has advised Intermediate Capital Group plc (ICG) in relation to its inaugural €500m 2.5 % sustainability-linked guaranteed notes due 2030, which were admitted to the official list of the Financial Conduct Authority and to trading on the London Stock Exchange's main market.
ICG's inaugural sustainability-linked note issue marks a move to align its business commitment to be net zero by 2040 across all of its operations and relevant investments. The terms of the notes provide for a coupon adjustment if certain science-based targets are not met.
The notes are guaranteed by Intermediate Capital Investments Limited, Intermediate Capital Managers Limited and ICG Alternative Investment Limited, subsidiaries of ICG.
The Ashurst team was led by partner Anna Delgado with support from tax partner Paul Miller and senior associate Scott Chatterton and associate Charlotte Coleman.
