RBS International has supported the renewal and transition to SONIA – the Sterling Overnight Index Average interest rate benchmark – of the corporate debt facility of International Public Partnerships (INPP).
The facility, with an overall capacity of £400m, including a flexible accordion component, will provide INPP with three years of acquisition funding to support its investment pipeline.
Founded in 2006, INPP is a FTSE 250 infrastructure investment company focused on investing in public and social infrastructure across the UK, Europe, Australia and North America.
Brad Mitchell, Relationship Director of RBS International, commented: “We have worked with INPP and Amber Infrastructure for over a decade, helping them navigate the transition from Libor to SONIA. INPP has an excellent track record and commitment to sustainability.”