Investec Bank takes to the skies with aircraft finance fund

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Investec Bank is offering investors looking for alternative investment ideas the opportunity to invest in a new fleet of aircraft.

The group's Aviation Finance arm said today it has closed the first raising for the Investec Aircraft Syndicate Limited (IASL) after raising $500m. However, it is planning to launch a second tranche shortly, with plans to invest the proceeds in "next generation" aircraft which are leased to leading airlines around the globe. It is targeting a high single digit yield paid from the proceeds from the leases, with the planes selected by Ramki Sundaram and David Phillips, two senior members of Investec's Aviation Finance division. While not a mainstream investment, Investec Bank said it...

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