Government-backed Asia sustainable energy infrastructure trust IPO opens to retail investors

$335m raise

The ThomasLloyd Energy Impact trust, which will provide investors with access to unlisted sustainable energy infrastructure assets in Asia, has expanded its IPO to include retail investors.

Following its intention to float announcement from 4 November, the trust has now published its prospectus and laid out a timetable for its listing. The trust, to which the UK Government committed up to £25m of seed capital, is seeking to raise gross proceeds of up to $335m through the issue of up to 300 million ordinary shares by way of an initial placing, offer for subscription and intermediaries offer. UK government set to seed ThomasLloyd renewable energy trust focusing on emerging Asian economies At the date of the prospectus, retail investors will be able to participate in the...