Liberum acts as Sole Bookrunner on £33.5m fundraising for Real Estate Credit Investments Limited
We are pleased to announce that Liberum acted as Sole Bookrunner on a placing to raise £33.5m for Real Estate Credit Investments through the issue of 19,920,363 shares at 168p.
Real Estate Credit Investments Limited (“RECI”) is a Guernsey domiciled, existing corporate client of Liberum. It is a Main Market (Premium Segment) listed closed-ended investment company, externally managed by Cheyne Capital Management (UK) LLP.
The proceeds of the placing are to be invested in debt secured by commercial or residential properties in the United Kingdom and Western Europe. To achieve their investment objective of attractive and stable returns, primarily in the form of quarterly dividends, RECI invests in real estate credit secured by commercial or residential properties in the United Kingdom, France and Germany.
As at 31 December 2019, RECI had an investment portfolio of 55 positions, with a value of £355m.
Liberum Team:
Board - Shane Le Prevost
Investment Banking - Richard Crawley, Richard Bootle, Laura Hamilton
Sales - Andrew Davies, Anastasia Mikhailova, Jack Kershaw
Research - Conor Finn, James Shields
Corporate and Investor Relations - Natalie Clarke
