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Renewal of Bank Loan Facility

21 Jan 2022 14:19

RNS Number : 2775Z
Aberdeen Japan Investment Trust PLC
21 January 2022
 

 

ABERDEEN JAPAN INVESTMENT TRUST PLC (the "Company")

Legal Entity Identifier (LEI): 5493007LN4380BLNLM64

 

21 January 2022

 

Renewal of Bank Loan Facility

 

The Company is pleased to announce that it has renewed its JPY1.3 billion fixed rate loan facility with ING Bank N.V., London Branch for a one year period to 20 January 2023.

 

Under the terms of the renewed facility, JPY1.3 billion has been drawn down at an all-in interest rate of 0.90% per annum. This rate of interest is fixed until the maturity of the facility on 20 January 2023 and the proceeds have been used to refinance the Company's previous JPY 1.3 billion fixed rate loan with ING.

 

Following the drawdowns under the new facility, the Company's borrowings are unchanged at JPY1.7 billion, taking into account the JPY400 million drawn under the Company's JPY1.0 billion revolving credit facility with ING.

 

 

 

Enquiries:

 

Holly Kidd, Aberdeen Asset Management PLC, 0131 372 2200 

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