23rd Mar 2018 11:25
LONDON (Alliance News) - ICG-Longbow Senior Secured UK Property Debt Investments Ltd said on Friday it has raised GBP4.3 million through the placing of 4.3 million shares at a price of 101.00 pence per share.
Shares in the closed-ended investment company were down 1.1% at 100.88 pence on Friday.
Proceeds from the placing will go towards a pipeline of investment opportunities in the near term in excess of GBP50.0 million, including a new loan totalling GBP17.5 million connected to a London industrial estate with an expected loan-to value of 65%.
Cenkos Securities PLC acted as the sole placing agent.
ICG-Longbow Senior now has 121.3 million shares issued overall.
Related Shares:
Icg-longbow
