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AAIF sets up new £40m multi-currency loan deal

13 April 2017 14:08

Aberdeen Asian Income Fund (AAIF) has confirmed that it has entered into a new unsecured three year £40m multi-currency revolving facility agreement with Scotiabank (Ireland) Designated Activity Company, which replaces a £30m unsecured facility that matured today.

Under the terms of the New Facility the Company also has the option to increase the level of the commitment from £40m to £60m at any time, subject to the identification by the Manager of suitable investment opportunities and Lender credit approval.

The existing drawings of HKD 212,500,000 and USD 7,157,751.05 have been rolled under the New Facility to 13 June 2017.

At 2:07pm: (LON:AAIF) Aberdeen Asian Income Fund Ltd share price was -0.62p at 214.38p

Story provided by StockMarketWire.com

Related Company: AAIF

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