18th Feb 2014 12:33
LONDON (Alliance News) - Standard Life Equity Income Trust PLC Tuesday said it has agreed a new three-year GBP25 million revolving credit facility with Scotiabank (Ireland), meaning its previous facility with Royal Bank of Scotland Group PLC has been repaid and cancelled.
In a statement, the trust said an initial GBP20 million has been drawn down for one month at an all-in rate of 1.6325%, maturing on March 17 2014.
The trust's shares were Tuesday quoted at 424.85 pence, up 2.10 pence, or 0.5%.
By Samuel Agini; [email protected]; @samuelagini
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