5th Oct 2015 08:22
LONDON (Alliance News) - Infrastructure investment company International Public Partnerships Ltd on Monday said it has made its first US investment in mezzanine debt instruments.
The FTSE 250-listed company said it has invested USD48.0 million in a series of fully-yielding mezzanine debt instruments with a remaining average life of 37 years.
The portfolio has been acquired from the Federal Home Loan Mortgage Corp, or Freddie Mac, and is underpinned by more than seven operational public-private partnership military housing projects in the US.
"We are pleased to have made our first investment in the US. Military Housing schemes have an established track record in the US and we believe that this opportunity not only provides an attractive return for our shareholders but potentially opens the door to further attractive opportunities in one of the world's largest infrastructure market," said INPP Chairman Rupert Dorey.
By Sam Unsted; [email protected]; @SamUAtAlliance
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