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GCP Infrastructure Increases GCP Rooftop Solar Loan Note Commitment

Tue, 23rd Sep 2014 11:35

LONDON (Alliance News) - GCP Infrastructure Investments Ltd Tuesday increased its commitment to subscribe to the loan notes being issued by GCP Rooftop Solar 5 Ltd by GBP10 million.

The increase brings GCP Infrastructure's total commitment on the loan note issue to GBP20 million.

GCP said the notes have a yield of around 10.1% per year and have a term of around 21 years.

The notes have been and will continue to be used by GCP Rooftop Solar 5 to make a loan secured against cashflows from a number of portfolios of domestic solar panel installations in England, installed by A Shade Greener Ltd.

Shares in GCP Infrastructure Investments were trading flat on Tuesday, quoted at 116.5 pence.

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

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