24th Apr 2014 14:14
LONDON (Alliance News) - Utilico Emerging Markets Ltd said Thursday that it has extended its GBP50 million banking facility with Scotiabank Europe for a further two years, after it had decided not to issue secured bonds.
Utilico had originally said it was looking for longer term fixed rate funding because of the attractive rates currently available in the debt capital capital markets
However, it has consulted major shareholders, and decided to leave its capital and leverage structure unchanged. It will continue to take its borrowings solely from bank debt funding.
Shares in Utilico were trading down 0.3% at 185.88 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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