Last checked at 
18 Mar 2024 16:23
Asia Dragon Trust plc (the "Company")
Legal Entity Identifier (LEI): 549300W4KB0D75D1N730
Further Drawdown on Revolving Loan Facility
18 March 2024
Under the terms of the Company's existing multi-currency revolving credit facility with The Royal Bank of Scotland International Limited, London Branch (the Lender"), which was put in place on 29 July 2022, the Company has obtained an increased level of commitment from the Lender, from £35 million to £50 million.
The Investment Manager has drawn down the equivalent of the additional £15 million in HKD, following the identification of suitable investment opportunities and the Company's facilities, which are unsecured, now consist of the following:
· a £25 million loan which was drawn in full on 29 July 2022 and fixed for two years at an all-in rate of 3.5575%; and
· a two year £50 million multi-currency revolving credit facility, under which HKD491.9m has been drawn.
The Company's total borrowings now equate to £74.3 million in Sterling terms, which gives a net gearing figure of 7.9% based on the Company's net asset value at 14 March 2024.
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