21st Dec 2005 16:27
ING UK Real Estate Income Trust Ltd21 December 2005 ING UK Real Estate Income Trust Limited ("the Company") In its prospectus dated 4 October 2005, the Company noted its intention tofinalise a £200m securitisation facility to re-finance its existing interim debtfacility. Completion of the re-financing has now been reached and the transaction wasfully subscribed. The pricing has been set at 25bps. Commenting, Elliot Caldwell, Fund Manager of the ING UK Real Estate IncomeTrust, said: "This has been a successful financing exercise at attractive interest rates forthe Company having fully hedged the loan until 30 January 2013 at an all infixed interest rate of 5.04%. "This securitisation will provide flexible and cost-effective financing as wework to enhance and grow the value of the Company's portfolio." Enquiries: Rachael Curr, ING Real Estate Investment Management 020 7767 5600Jon Rickert, JPMorgan 020 7325 1000Stephanie Highett, Financial Dynamics 020 7831 3113 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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