10th Apr 2014 11:49
LONDON (Alliance News) - Utilico Emerging Markets Ltd Thursday said it's seeking longer term fixed rate funding in order to fund the pursuit of its investment objective.
In a statement, Utilico Emerging Market said it will give shareholders the opportunity to vote on its continuation before an issue of secured bonds.
Canaccord Genuity Ltd has been appointed to arrange a series of meetings with fixed income investors in the UK and Channel Islands to discuss a possible issue of sterling denominated secured bonds, subject to market conditions.
Utilico Emerging Markets said it's seeking longer term fixed rate funding because of the attractive rates currently available in the debt capital capital markets.
Utilico Emerging Markets shares were Thursday quoted at 187.25 pence, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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