Intu issues £800m in bonds

Intu Properties yesterday launched a £800m debt issue as part of its refinancing scheme. The bond sale, which was run by Bank of America Merrill Lynch, HSBC and UBS, is secured on four of the firm’s shopping centres. Meanwhile the firm’s deputy chairman Ian Whittaker spent almost £50m buying a further 1.61 per cent stake in the firm. Whittaker now owns 19.86 per cent of Intu’s ordinary stock.