3i Infrastructure Boosted by Debt Portfolio

LONDON (Reuters) – British infrastructure group 3i Infrastructure Plc (3IN.L) said on Thursday companies in its portfolio continue to perform and that valuations were aided by movements in its junior debt portfolio.

The sister company to listed private equity firm 3i Group Plc (III.L) said the value of its junior debt portfolio rose 20 percent on a mark-to-market basis over the six months to end September.

3i Infrastructure said gains will be partially offset by exchange rate movements, particularly hitting the company’s holding in 3i India Infrastructure Fund, and proposals on price limits from water industry watchdog OFWAT impacting its investment in Anglian Water.

It added that companies in its portfolio continue to deliver an attractive yield. (simon.meads@thomsonreuters.com; +44 20 7542 9969; Reuters Messaging: simon.meads.thomsonreuters@reuters.net))