Source - SMW
GCP Asset Backed Income Fund has announced a new investment in a 15-year loan of up to £18.5m secured on a subordinated basis against a student accommodation development in a city centre location in Dublin.

It said that about £15m would be drawn immediately, with the remaining funds expected to be drawn over time.

It said the loan would be drawn and repaid in sterling and had been funded from the net proceeds of the company's recent issue of C shares.

At 9:53am: (LON:GABI) GCP Asset Backed Inc Fund Ltd share price was +0.01p at 108.38p