International Public Partnerships targets £250m fundraise through initial issue

Issue price of 159.5p per share

clock • 1 min read

International Public Partnerships (INPP) intends to raise £250m by way of an initial issue, with the proceeds used to pay down the cash drawn portion of its corporate debt facility and fund its global investment pipeline.

The infrastructure investment trust has announced a placing, open offer, offer for subscription and intermediaries offer at an issue price of 159.5 pence per share, representing a discount of 6.5% to the closing price of 170.6 pence per existing ordinary share as at the close of business on 7 April. The funding will go towards paying down its debt facility, which stood at approximately £156.2m as of 6 April 2022. INPP's investment pipeline includes social and transport infrastructure and regulated utilities, together valued in excess of £178.2m and selected by its investment adviser, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

abrdn to close Multi-Asset Climate Solutions fund after failure to build scale

abrdn to close Multi-Asset Climate Solutions fund after failure to build scale

Partnership with The Big Issue Group

Valeria Martinez
clock 17 May 2024 • 2 min read
Partner Insight: Remaining flexible to solve the income puzzle

Partner Insight: Remaining flexible to solve the income puzzle

Aegon Diversified Monthly Income Fund co-manager Debbie King reflects on how the fund has achieved a decade of consistent income delivery in an ever-changing macro environment.

Debbie King, Investment Manager @ Aegon AM
clock 15 May 2024 • 7 min read
JP Morgan AM launches euro-denominated public debt money market fund

JP Morgan AM launches euro-denominated public debt money market fund

Focused on EUR government debt

clock 13 May 2024 • 1 min read
Trustpilot