NB Global Corporate Income Trust raises $476 million

Company News

by Rachael Jones

Global investment manager Neuberger Berman announced that the capital raise for the NB Global Corporate Income Trust (ASX:NBI) has raised $476 million.

The offer closed on the 27th June and achieved its maximum potential.

NBI invests in the corporate bonds of large and liquid companies around the world.

NBI Unitholders, including new Unitholders who participated in the Offer, can expect to receive their first distribution for the new financial year beginning 1 July 2019 in mid-August.

Shares in NB Global Corporate Income Trust (ASX:NBI) are trading 0.48 per cent lower at $2.08.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.