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IN BRIEF: Scottish American completes long-term borrowings refinancing
Scottish American Investment Co PLC - Edinburgh-based investment trust - Confirms that its 2022 debenture stock has been redeemed at its scheduled maturity date. Adds that the refinancing previously announced, has now been completed. As a result, the ongoing borrowing cost of the company's debt is now just below 3% per year.
Current stock price: 906.36 pence
12-month change: up 19%
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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