UK mezzanine finance provider Intermediate Capital Group is set to invest up to a ã700m (â¬935m) warchest of debt finance partially funded by a rights issue in a sign that investors are finding ways to capitalise on the credit crunch.
The group this morning announced to the London Stock Exchange it intended to conduct a £175m rights issue to finance investment opportunities which have resulted from the âsignificant change in the credit marketsâ.
