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NB Global Floating Rate Income Fund Limited completes successful C Share issue of USD187 million

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NB Global Floating Rate Income Fund Limited has raised gross proceeds of approximately USD187 million by means of a Placing and Offer for Subscription of C Shares. 

 
The Company has applied for admission of the US Dollars C Shares and Sterling C Shares to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange ("Admission"), which is expected to take place on 5 October 2011.
 
Oriel Securities Limited and Dexion Capital plc are acting as joint financial advisers, joint global co-ordinators and joint bookrunners. Oriel Securities Limited is also acting as sole sponsor to the Company.
 
William Frewen, Chairman of the NB Global Floating Rate Income Fund, says: "We are extremely pleased with the successful C share issue. Despite difficult market conditions we exceeded our target, reflecting ongoing investor demand for income generating investment products. In our opinion shareholders continue to be attracted by Neuberger Berman’s experienced bank loans team and track record combined with an investor-friendly structure."
 

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