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PCT draws down loans

02 October 2015 13:52

Polar Capital Technology Trust has announced that on 2 October 2015 it has drawn down JPY 2.8bn and USD 23m three year fixed rate term loans from ING Bank N.V.

Both loans fall due for repayment on 2 October 2018.

The JPY loan has been fixed at an all-in rate of 0.995%pa and the USD loan has been fixed at an all-in rate of 2.21%pa.

The Company has repaid a £14 million one year facility which had been drawn down in Yen and US Dollars from ING Bank N.V. and allowed to lapse a £14m revolving credit facility with ING Bank N.V. on 2 October 2014.

At 1:52pm: (LON:PCT) Polar Capital Technology Trust Plc share price was -2.25p at 536.75p

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