HSBC Infra. in small share issue

21st Jun 2010 07:09

HSBC Infrastructure Company Limited (HICL), the investment trust that buys stakes in infrastructure projects, has issued 2.6m shares at a marginal discount to Friday's closing price.The company raised £3m (net) through the issue of 2,629,734 new ordinary shares of 0.01p each in the Company at 115p each. The mid-market price of HICL shares on Friday, the day before the issue was announced, was 117.7p.The net proceeds will be used for general corporate purposes.