REG - AVI Global Trust PLC - Issue of Japanese Yen fixed rate debt – Completion

AVI Global TrustAnnouncement

26/07/2023 09:45

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RNS Number : 2616H  AVI Global Trust PLC  26 July 2023

 

 

Issue of Japanese Yen Fixed Rate Debt- Completion

 

AVI GLOBAL TRUST PLC

Legal Entity Identifier (LEI): 213800QUODCLWWRVI968

26 July 2022

 

ISSUE OF JAPANESE YEN FIXED RATE DEBT - COMPLETION

 

Further to the announcement issued on 27 June 2023, AVI Global Trust plc (the
Company) is pleased to announce that it has yesterday completed an agreement
to issue Japanese Yen (JPY) 4.5bn fixed rate unsecured debt, for a term of ten
years. The annual interest rate on the debt is 1.44%. The debt is denominated
in JPY and is equivalent to approximately GB£25million 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

JPY4.5bn 1.44% Unsecured Loan Notes, due 25 July 2023

 

In addition, the Company has a JPY12bn multi-currency revolving credit
facility none of which is currently being utilised.

 

The Company is currently 4% geared on a net basis (104% invested).

 

 

Enquiries: Asset Value Investors Ltd

 

020 7659 4800

 

Disclaimer

The notes have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Act") and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Act. This notice is for information only,
does not constitute an offer to sell or the solicitation of an offer to buy
any security and shall not constitute an offer, solicitation or sale of any
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.

 

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