Martin Currie GblPrt - Repayment of loan and new bank facility
22/11/2023 14:56
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RNS Number : 3659U Martin Currie Global Portfolio Tst 22 November 2023
Martin Currie Global Portfolio Trust plc
Legal Entity Identifier: 549300RKB85NFVSTBM94
Repayment of Loan and New Bank Facility
The Board of Martin Currie Global Portfolio Trust plc (the "Company") is
pleased to announce that it has entered into an unsecured three-year £10
million sterling term revolving loan facility agreement with The Royal Bank of
Scotland International Limited ("RBSI"). The interest rate will be variable
and calculated at a rate of 1.55% over the Sterling Overnight Index Average
("SONIA").
The Company's existing loan of £30m from RBSI will mature on 23 November 2023
and will be repaid in full on that day. The Company has agreed to draw down
the full amount available under the new £10 million facility on the same day
and for an initial period of six months. The Company's debt will therefore
reduce from £30m to £10m and the new loan will represent approximately 4.1%
of the net assets of the Company.
Franklin Templeton Investment Trust Management Limited, company secretary
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