26th Mar 2021 09:41
(Alliance News) - F&C Investment Trust PLC on Friday said it has issued three sets of notes, which will go towards refinancing existing debt.
The three fixed-rate senior unsecured private placement notes issues will also "improve further the maturity profile of the company's borrowings".
F&C issued one set of 15-year GBP50 million notes with a 2.09% coupon and 17-year GBP50 million tranche with a coupon of 2.15%. The third issue was a GBP40 million set of notes, with a 35-year tenor and a 2.33% coupon.
"Net proceeds from the sale of the notes will be used for the refinancing of existing indebtedness, investment and other general corporate purposes," F&C said.
F&C Investment Trust bills itself as the world's oldest collective investment scheme, having launched in 1868. It aims for long-term growth and income by investing in listed equities globally.
F&C shares were 0.3% higher at 783.21 pence each in London on Friday morning.
By Eric Cunha; [email protected]
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