LONDON (Alliance News) - Perpetual Income and Growth Investment Trust PLC said Friday that it had agreed to issue GBP60 million of fixed rate 15 year private placement notes at a coupon of 4.37%.
These will be secured by a first floating charge over the trust's assets. They will replace its existing GBP30 million 6.125% debentures which are repayable July 8.
Shares in the investment trust were trading up 1.1% at 380.00 pence Friday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @hanassallnews
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