30th May 2019 15:02
LONDON (Alliance News) - South America-focused power generator Rurelec PLC said Thursday it had made a further GBP250,000 repayment to a temporary loan facility, after receiving a repayment from an investee.
Rurelec repaid GBP250,000 in interest and principal to Bridge Properties (Arena Central) Ltd, reducing the outstanding loan to GBP396,603.
At the same time, Rurelec explained that its 50% owned Energia del Sur SA investee had repaid in full all the outstanding loan interest and associated fees provided by Rurelec Project Finance Ltd. This included USD137,000 in loan interest and USD157,000 in fees.
Shares in Rurelec were 7.1% lower at 0.79 pence on Thursday.
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