Yield hunters target Greencoat UK Wind in £400m raise

By Sam Kerr
29 Sep 2020

Greencoat UK Wind, the renewable infrastructure fund, has completed a £400m equity raise to repay acquisition financing for two offshore wind farms. The deal was popular with investors interested in Greencoat's environmental, social and governance (ESG) credentials as well as its regular dividend.

Jefferies and RBC Capital Markets were the bookrunners on the transaction.

Greencoat sold 305m shares at £1.31 each, a 7.4% discount to its stock’s closing price on, September 2, the day the capital raise was announced.

The trade is the biggest raise that Greencoat has done, ...

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