HICL pleased with response to share offer

10th Dec 2010 08:41

HSBC Infrastructure Company Limited (HICL) declared itself pleased with the response to its open offer of 'C' shares.On the basis of applications received through the open offer and offer for subscription, plus indicative orders taken through the placing, the target size for the issue of £110.0m has been exceeded.The company expects to announce details of the basis of allocation of the newly issued 'C' shares on Monday, 13 December.Graham Picken, chairman of the infrastructure investment company, claimed the response to the offer was "n endorsement of the company's strategy and a reflection of the growing importance of infrastructure as an asset class."