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Market Chatter: Intercontinental Exchange Set to Raise $3.75 Billion From Bond Sale

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Intercontinental Exchange (ICE) is selling $3.75 billion of US investment-grade bonds after recently announcing its planned acquisition of MarketAxess (MKTX), Bloomberg reported Tuesday, citing a person familiar with the matter.

The New York Stock Exchange parent is offering notes across four parts, with maturities of three to 10 years, the report said, citing the person.

The longest tenor is set to yield a premium of 1.15 percentage points above Treasuries, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $150.50, Change: $-0.04, Percent Change: -0.03%

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