P2P trust to raise £250m from second C share issue

P2P Global Investments has announced it will raise a further £250m through the issue of new C Shares.

The investment trust, which invests in peer-to-peer loans through investment platforms, said that it will issue new C shares at £10 per share - the second time it has done so this year. As a result, existing C shares will be converted to ordinary shares of 1p each. It will publish the prospectus for the latest issue on the 29 June. The trust said it had deployed 89% of its initial C-share issue as of 16 June, with full deployment estimated for the end of the month - ahead of the initial six to nine month timetable. The trust is also proposing a new tap issue of almost two million o...