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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avi Global Trust Plc | LSE:AGT | London | Ordinary Share | GB00BLH3CY60 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.84% | 239.00 | 238.50 | 239.00 | 239.00 | 235.50 | 235.50 | 613,939 | 16:21:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 147.05M | 134.14M | 0.2914 | 8.20 | 1.1B |
TIDMBTEM
RNS Number : 3691T
British Empire Trust PLC
11 October 2017
BRITISH EMPIRE TRUST PLC (the "Company")
Issue of EUR20m fixed rate notes
British Empire Trust plc announces that it has agreed to issue fixed rate 20 year unsecured private placement notes (the "Notes") to obtain fixed rate, long-dated Euro denominated financing at a price that the Company's Directors and Investment Managers, AVI, consider to be attractive. This is expected to enhance long-term investment performance, reflecting the view of both parties that current market conditions continue to offer significant opportunities for the Company's investment approach.
The issue will be EUR20 million (equivalent to approximately GBP17.9 million at today's exchange rate) at an interest rate of 2.93%.
The funding date is expected to be 1 November 2017 and the Notes are due to be repaid on 1 November 2037. The semi-annual interest payment dates will be 1 May and 1 November.
The Notes will be unsecured. There has been no change in the Company's formal policy on gearing, as set out on page 36 of the 2016 Annual Report. Total fixed rate borrowing, including the Notes, will increase from GBP71.6 million to GBP89.4 million following completion of this transaction and, based on the latest net asset value, debt will be some 9.6% of net assets.
Enquiries:
Asset Value Investors
Joe Bauernfreund
Tel: 020 7659 4800
Quill PR
Fiona Harris
Tel: 020 7466 5058 / 07792 523455
fiona@quillpr.com
Andreea Caraveteanu
Tel: 020 7466 5059 / 07902 142991
andreea@quillpr.com
11 October 2017
The information contained within this announcement may constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
LEI: 213800QUODCLWWRVI968
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 11, 2017 12:31 ET (16:31 GMT)
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