10th Feb 2017 12:06
LONDON (Alliance News) - F&C Managed Portfolio Trust PLC said Friday it has agreed a GBP5.0 million unsecured loan facility with Royal Bank of Scotland Group PLC.
F&C Managed Portfolio said the facility has a fixed rate of 2.03% and is in place of its existing revolving credit facility with RBS. The new facility has been fully drawn by F&C Managed Portfolio's Income arm.
F&C Managed Portfolio has also entered into a new GBP2.0 million two-year unsecured revolving credit facility with RBS.
Income shares in F&C Managed Portfolio were up 2.3% at 130.39 pence Friday morning.
By Adam Clark; [email protected]
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