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British Empire Trust debt funding

15 January 2016 15:48

British Empire Trust has received the debt funding announced on 18 December - 20 year unsecured private placement notes issued in two tranches.

The first tranche is GBP30 million and the second tranche is euro30 million (equivalent to approximately GBP22.6 million at the closing exchange rate on 14 January). The blended annualised cost of the new debt is 3.78%.

The notes are due to be repaid on 15 January 2036. The interest payment dates will be 15 January and 15 July. The notes are unsecured.

At 3:48pm: (LON:BTEM) British Empire Securities General Trust share price was -6.6p at 433.4p

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