A duo of lending banks to FTSE 250 car dealer Inchcape, have landed roles on the group’s £232m (€246m) rights issue, as UK companies increasingly appoint their debt providers alongside corporate brokers to work on equity offerings.

HSBC, RBS Hoare Govett have been appointed as joint-bookrunners on the deal, announced earlier this week. The three lending banks will work alongside Inchcape's joint broker Bank of America Merrill Lynch, which is fully underwriting the offer.