20th Aug 2018 08:29
LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd said on Monday it is considering raising further equity through the issue of shares.
The FTSE 250-listed fund, which invests in debt instruments for infrastructure projects, said it sees an "attractive pipeline of investment opportunities which are available for deployment".
Shares in Sequoia were down 1.7% at 108.68 pence on Monday.
The capital raise, including its size, timing and management approval is subject to market conditions at the time, the investment company said.
Earlier in August, the fund fully deployed the proceeds of its existing GBP100 million multi-currency revolving credit facility, it said.
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Sequoia Economic Infrastructure Fund