JLIF seeks buyers as infra funds see £30bn future

John Laing Infrastructure Fund (JLIF), now a £550m company, completed a £60.4m primary capital raise this week, with its founding shareholder taking the opportunity to sell down some of its shares in a separate, £30m secondary sale. The deal is one of a hatful from the rapidly growing listed infrastructure sector and the fund’s managers told EuroWeek that efforts to find new investors are paying off.

  • 05 Oct 2012
JLIF raised its maximum targeted amount from an open offer, placing an offer for subscription that closed on Tuesday. Shareholders had been offered one new share for every eight held at 106.5p each, a 1.4% discount to the pre-announcement close and a premium of 3.2% to net asset ...

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All International Bonds

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Bookrunners of All Syndicated Loans EMEA

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1 BNP Paribas 43,328.12 198 6.63%
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4 UniCredit 37,616.85 180 5.75%
5 ING 30,163.46 163 4.61%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Emirates NBD PJSC 408.38 1 31.73%
2 SG Corporate & Investment Banking 166.67 1 12.95%
2 JPMorgan 166.67 1 12.95%
2 Credit Agricole CIB 166.67 1 12.95%
5 Morgan Stanley 59.80 1 4.65%