International Public Partnerships
last modified
2009-07-02 21:41
International Public Partnerships (INPP.L) offers Shareholders an exposure to investment in infrastructure assets, particularly those with a public or social character such as those developed by public bodies under private finance initiative or public private partnership procurements.
The portfolio comprises 50 high quality PPP/PFI projects with more than 99% of the revenues government-backed, providing strong contractual certainty of future cash flows. Included in the portfolio are PPP projects in the U.K., Australia, Canada, Germany, France, Belgium, Italy and Ireland. 41% of the portfolio is now located outside the U.K., a figure which has increased considerably since listing, enhancing International Public Partnerships’ geographical diversification. There is also diversification across several PPP/PFI sectors.
The current average concession life of the portfolio remaining is 25 years, against a weighted average debt tenor of 24 years, ensuring minimal refinancing requirements as project debt tenor is generally matched to concession life.
An investment in the company will enable investors to gain an exposure to a diverse portfolio of high quality, operational and construction infrastructure assets being predominantly "social infrastructure" assets located in UK, Australia, Canada and continental Europe.
The Company is seeking to make strategic acquisitions of single assets, of portfolios, of shares in companies or interests in partnerships internationally.
INPP on the London Stock Exchange