21st Dec 2007 07:01
Eastern European Property Fund Ltd21 December 2007 Eastern European Property Fund Limited ("EEPF" or "the Company") Loan Facility Eastern European Property Fund Limited (AIM: EEP) is pleased to announce that,on 18 December 2007, HSBC Bank plc made available two loan facilities totallingUS$17,500,000 to the Company's two Turkish subsidiaries. These loan facilitiesare to be drawn down by 31 January 2008 and repaid at the end of five years fromdrawdown. Interest is payable at 2.35% above the US Dollar London interbankeuro-currency deposit market rate. The funding will be used for the purposes of acquiring further properties inEEPF's target countries and to fund working capital requirements. For further information contact: Smith & Williamson Corporate Finance LimitedAzhic Basirov / Siobhan Sergeant020 7131 4000 Elysium Fund Management Limited2nd FloorNo. 1 Le TruchotSt Peter PortGuernseyGY1 4AE01481 810100 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eastern European Property