No results found for "".

Commentary & Deal Flow

Related Parents

Intercontinental Hotels Group PLC (IHG)

Related Issuers

IHG Finance LLC

by Oleksandr Vynychuk

Sep 21, 2026 3:37 AM ET

NEW ISSUE: IHG Finance €300m exp. & €500m WNG 3yr & 7yr Sr Unsec; MS+105a & MS+145/150a

IGC European Market: Deal Flow - General

Issuer	Term	Maturity	Size	Ranking	Type	IPT
IHG Finance	3yr	28-Sep-29	€300m exp.	Sr Unsec	Fixed	MS+105a
IHG Finance	7yr	28-Sep-33	€500m WNG	Sr Unsec	Fixed	MS+145/150a

IPTs: 3yr: MS+105a 7yr: MS+145/150a

Issuer: IHG Finance LLC
Ticker: IHGLN
Domicile: US
Country of Risk: United Kingdom
Issuer LEI: 213800DXTXQ1YC8UP313
Guarantors: InterContinental Hotels Group PLC (the “Parent”), Six Continents Limited and InterContinental Hotels Limited
Parent Rating: Baa2 (Stable)/BBB (Stable) (Moody's/S&P)
Expected Issue Rating: Baa2/BBB (Moody's/S&P)
Format: Reg S, Registered, Senior, Unsecured, NSS
Size:
- 3yr: €300 million expected
- 7yr: €500 million WNG
Settlement: 28-Sep-26 (T+5)
Maturity Date:
- 3yr: 28-Sep-29 (3-year)
- 7yr: 28-Sep-33 (7-year)
Benchmark:
- 3yr: DBR 0.000% 15-Aug-29 (DE0001102473)
- 7yr: DBR 2.600% 15-Aug-33 (DE000BU2Z015)
Coupon: Fixed, Annual, ACT/ACT (ICMA)
Optional Redemption:
- 3yr: Change of Control Put, 1m Par Call, MWC, Tax Call (at par)
- 7yr: Change of Control Put, 3m Par Call, MWC, Tax Call (at par)
Documentation: EMTN Programme dated 3-Sep-26, €100k + €1k, English Law
Selling Restrictions: Reg S (Category 2) and as per the Base Prospectus dated 3-Sep-26
Listing: London Stock Exchange (Main Market)
Use of Proceeds: General corporate purposes of the Issuer’s business
Target Market: Manufacturer target market (MiFID II product governance and UK MiFIR product governance rules) is eligible counterparties and professional investors only (all distribution channels). No EU PRIIPs Regulation key information document or DISC/CCI Regulations disclosure document has been prepared as the Notes are not available to retail investors in the EEA or the UK
Sales into Canada: Yes via exemption
Active Bookrunners: Barclays (B&D), BNP, Commerzbank, MUFG, UniCredit
Timing: Books open, Today's business
Advertisement: The Base Prospectus is available at https://data.fca.org.uk/artefacts/NSM/FCA/NI-000151223/NI-000151223.pdf and the Final Terms, when published, will be available on the website of the London Stock Exchange https://www.londonstockexchange.com/stock/IHG/intercontinental-hotels-group-plc/company-page