24th Oct 2018 11:33
LONDON (Alliance News) - BioPharma Credit PLC said Wednesday it increased the size of its proposed placing to "at least" USD200 million due to strong investor demand.
Last Friday, the company said it intends to raise USD150 million via share placing. The company was going to issue 146.3 million shares at USD1.025 per share, representing a 2.9% premium to its net asset value per share at September 30 of USD1.0141.
BioPharma shares were flat at USD1.06 on Wednesday.
The company said it will use the net proceeds from the fundraise to acquire further investments in accordance with the its investment policy.
Related Shares:
Biopharma Cred.