11th Apr 2014 16:18
LONDON (Alliance News) - Advance Frontier Markets Fund Ltd Friday said it has entered into a loan facility with Investec Bank PLC to draw down loans of up to USD9 million.
The investment company said the rate of interest on each loan that it takes out as part of the Investec agreement is calculated at LIBOR plus a margin of 3.25% per year.
Advance Frontier Markets Fund shares closed up 0.1% at 58.45 pence Friday.
By Tom McIvor; [email protected]; @Tom,McIvor1
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