3rd Dec 2019 17:55
(Alliance News) - BlackRock Smaller Cos Trust PLC said on Tuesday it will be issuing GBP20 million worth of notes which will mature in 2044.
The investment company is issuing the senior unsecured fixed-rate private placement notes with an annualised coupon of 2.41%.
Proceeds, BlackRock Smaller Cos said, will be used to repay existing debt and for general purposes.
Shares ended 1.5% lower on Tuesday in London at a price of 1,546.00 pence each.
By George Collard; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
BlackRock Smaller Companies Trust PLC