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Funding Circle SME Income Fund Raises GBP14.5 Million In Placing (ALLISS)

Wed, 20th Jul 2016 08:12

LONDON (Alliance News) - Funding Circle SME Income Fund Ltd on Wednesday said it has raised GBP14.5 million via a share placing.

The London-listed closed-ended fund, set up to invest in loans originated through peer-to-peer lending marketplace Funding Circle, said it had issued 14.3 million shares at 101.53 pence per share.

Shares in Funding Circle SME were untraded on Wednesday, having last traded at 98.00p.

The new funds from the share placing will be used to back investment plans.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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