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Fixed rate borrowing by Bankers Investment Trust

18 May 2015 12:18

Bankers Investment Trust has agreed to issue £50m fixed rate 20 year unsecured private placement notes at an annualised coupon of 3.68%.

This transaction will obtain fixed rate long dated sterling denominated financing at a pricing that the company considers attractive and is expected to enhance long term investment performance.

Additionally, the issue anticipates the due repayment of the company's £10m 10.5% debenture stock on 31 October 2016.

At 12:18pm: (LON:BNKR) Bankers Investment Trust Plc the share price was +1.25p at 652.25p

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