abrdn Asian Income Fund Limited Renewal of Revolving Credit Facility
04 Marzo 2024 - 4:22PM
RNS Regulatory News
RNS Number : 5189F
abrdn Asian Income Fund Limited
04 March 2024
ABERDEEN ASIAN
INCOME FUND LIMITED (the "Company")
LEI Identifier:
549300U76MLZF5F8MN87
Renewal of
Revolving Credit Facility
4 March
2024
The Company announces that it has renewed its 3
year £40 million multi-currency revolving credit facility
("revolving credit facility") with Bank of Nova Scotia, London
Branch ("the Lender"), for an increased sum of £50 million, secured
by a floating charge, for one year.
Under the terms of the revolving credit
facility, the Company also has the option to increase the level of
the commitment from £50 million to £70 million at any time, subject
to the identification by the Manager of suitable investment
opportunities and the Lender's credit approval.
Under the revolving credit facility, HKD73.5
million, US$ 8.85 million and GBP 17.8 million has been drawn down
for a one month interest period.
The Company's £10 million fixed rate loan, which
matures today, has not been renewed.
The Company's total gearing remains unchanged
and currently amounts to the equivalent of £32.2 million or 8.4% of
the net asset value of the Company (based on unaudited net assets
as at the close of business on 29 February 2024).
This leaves the Investment Manager with some
headroom to draw down further under the facility, should market
opportunities arise.
abrdn
Investments Limited
Administrator
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UPDFLFFEVLISIIS
Grafico Azioni Abrdn Asian Income (LSE:AAIF)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Abrdn Asian Income (LSE:AAIF)
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