International Public Partnerships targets £250m fundraise through initial issue

The infrastructure investment trust has announced a placing, open offer, offer for subscription and intermediaries offer at an issue price of 159.5 pence per share, representing a discount of 6.5% to the closing price of 170.6 pence per existing ordinary share as at the close of business on 7 April. The funding will go towards paying down its debt facility, which stood at approximately £156.2m as of 6 April 2022. INPP's investment pipeline includes social and transport infrastructure and regulated utilities, together valued in excess of £178.2m and selected by its investment adviser, ...