REG - AVI Global Trust PLC - Issue of Japanese Yen Fixed Rate Debt- Completion

AVI Global TrustAnnouncement

07/07/2022 10:30

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RNS Number : 6733R  AVI Global Trust PLC  07 July 2022

 

 

Issue of Japanese Yen Fixed Rate Debt- Completion

 

AVI GLOBAL TRUST PLC

Legal Entity Identifier (LEI): 213800QUODCLWWRVI968

7 July 2022

 

ISSUE OF JAPANESE YEN FIXED RATE DEBT - COMPLETION

 

Further to the announcement issued on 22 June 2022, AVI Global Trust plc (the
Company) is pleased to announce that it has yesterday completed an agreement
to issue Japanese Yen (JPY) 8bn fixed rate unsecured debt, for a term of ten
years. The annual interest rate on the debt is 1.38%. The debt is denominated
in JPY and is equivalent to approximately GB£49million at current exchange
rates.

 

Following this agreement, the Company currently has the following fixed rate
debt in issue:

GB£30m 4.184% Series A Sterling Unsecured Loan Notes, due 15 January 2036

EUR30m 3.249% Series B Euro Unsecured Loan Notes, due 15 January 2036

EUR20m 2.93% Series B Euro Unsecured Loan Notes, due 1 November 2037

JPY8bn 1.38% Unsecured Loan Notes, due 6 July 2032

 

In addition, the Company has a JPY12bn multi-currency revolving credit
facility. There are no drawings under this facility at present.

 

The Company is currently ungeared on a net basis (96% invested) and, following
the issue of the new JPY fixed rate debt, will have available liquidity of
£243m.

 

Enquiries: Asset Value Investors Ltd

 

020 7659 4800

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