StockMarketWire.com - GCP Infrastructure Investments has confirmed the last of a series of three transactions subscribing or committing to subscribe for loan notes with an aggregate value of around £33.2m.

This consists of:

* a £10m fully-drawn loan secured on a senior basis against the cash flows arising under the UK Government's Feed-In Tariff scheme from a portfolio of 2,150 domestic solar panel installations

* a £20.835m commitment (of which £2m is currently drawn) to advance a loan secured on a senior basis against the cash flows arising under the FIT scheme from a portfolio of 4,500 domestic solar panel installations

* a £2.35m fully-drawn loan secured on a subordinated basis against an operational blue light (emergency services) PFI asset in England.

The weighted average yield on the notes is around 9.30% per annum on an annualised basis, with a weighted average expected life of about 19 years.

In addition, over 90% of the notes will benefit from an element of inflation protection.


At 9:43am: [LON:GCP] share price was +0.5p at 107.75p



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