New Loan Facility

RNS Number : 6960G

Aberdeen Asian Income Fund Limited

05 March 2018

 

ABERDEEN ASIAN INCOME FUND LIMITED (the "Company")

LEI Identifier: 549300U76MLZF5F8MN87

Renewal of Term Loan Facility

5 March 2018

The Company announces that it has renewed its three-year £10,000,000 term facility (the "Facility") with Scotiabank Europe PLC ("Scotia"). The Facility, which is due to expire on 2 March 2021, is in addition to the existing £40,000,000 multicurrency revolving facility with Scotiabank (Ireland) Limited which is due to mature in April 2020.

£10,000,000 has been drawn down under the Facility and fixed for three years at an all-in rate of 2.179%. The Company's total gearing currently amounts to the equivalent of £35.0 million or 8.2% of the net asset value of the Company (based on unaudited net assets as at the close of business on 1 March 2018).

 

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