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Sequoia Economic capital raise oversubscribed

26 May 2017 08:58

Sequoia Economic Infrastructure Income Fund Ltd said its open offer, placing and offer for subscription had been very significantly oversubscribed, and that gross proceeds totalled £160m.

The board had determined to issue 151,658,768 new shares at 105.5p each. Gross proceeds of the issue would be about £160 million.

The company had planned to rise £125m, it said.

At 8:58am: (LON:SEQI) Sequoia Economic Infrastructure Income Fund share price was -0.25p at 110p

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