Monks Investment Trust PLC Issue of Debt (6906W)
13 Dicembre 2023 - 5:02PM
UK Regulatory
TIDMMNKS
RNS Number : 6906W
Monks Investment Trust PLC
13 December 2023
The Monks Investment Trust PLC (MNKS)
Legal Entity Identifier: 213800MRI1JTUKG5AF64
The Monks Investment Trust PLC raises GBP74m of medium-term
debt
The Monks Investment Trust PLC ('the Company') announces that it
has issued GBP74 million of fixed rate, senior, unsecured privately
placed notes, denominated in Euros and Japanese Yen, over periods
ranging from 7 to 14 years. This transaction provides the Company
with medium-term financing at a range of maturities and a
competitive weighted average interest rate of 3.96%.
The Board remains committed to the strategic use of borrowings
for the Company in order to enhance returns to shareholders over
the long term and has set a guideline gearing level of 10%. This
new financing will be available to bring Monks' level of gearing
into line with this target level, and to reduce the average cost of
borrowing.
The new privately placed notes have been issued in four
tranches: EUR18 million with a fixed coupon of 4.30% to be repaid
in 2030; EUR35 million with a fixed coupon of 4.29% to be repaid in
2033; EUR18 million with a fixed coupon of 4.55% to be repaid in
2035; and JPY2,500 million with a fixed coupon of 2.17% to be
repaid in 2037. Coupons will be payable semi-annually. The funding
date for all tranches is 12 December 2023 .
Centrus Financial Advisors Ltd acted as sole placement agent for
the transaction.
Baillie Gifford & Co Limited
Managers and Secretaries
13 December 2023
Regulated Information Classification: Additional regulated
information required to be disclosed under applicable law
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IODGPGGUPUPWGQW
(END) Dow Jones Newswires
December 13, 2023 11:02 ET (16:02 GMT)
Grafico Azioni Monks Investment (LSE:MNKS)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Monks Investment (LSE:MNKS)
Storico
Da Giu 2023 a Giu 2024