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Conygar Investment May Raise Up to GBP25 Mln in Debt for Potential Investments

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By Kyle Morris

Conygar Investment Co. said Thursday that it is investigating raising debt finance of up to an initial 25 million pounds ($30.4 million) for potential investments.

The property investment and development group said the debt could be used to further development of The Island Quarter site in Nottingham, England.

Several forms of debt are being considering, including a zero dividend preference share, an interest-bearing loan or a term debt facility.

Shares in the company at 1402 GMT were down 1.00 pence, or 0.7%, at 145 pence.

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