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

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 414,341.60 1584 9.03%
2 JPMorgan 377,311.36 1724 8.23%
3 Bank of America Merrill Lynch 358,416.32 1295 7.81%
4 Goldman Sachs 266,063.47 914 5.80%
5 Barclays 264,598.20 1056 5.77%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 44,979.63 190 6.72%
2 Deutsche Bank 37,019.66 134 5.53%
3 BNP Paribas 35,303.69 205 5.28%
4 JPMorgan 33,752.71 110 5.04%
5 Bank of America Merrill Lynch 32,865.23 106 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 22,398.41 104 8.72%
2 Morgan Stanley 18,608.72 99 7.25%
3 Citi 17,768.49 110 6.92%
4 UBS 17,372.80 70 6.77%
5 Goldman Sachs 17,228.66 97 6.71%