New Loan Facility

RNS Number : 4856C

Aberdeen Asian Income Fund Limited

13 April 2017

 

13 April 2017

ABERDEEN ASIAN INCOME FUND LIMITED (the "Company")

Legal Entity Identifier (LEI): 549300U76MLZF5F8MN87

New Bank Facility

The Company is pleased to announce that it has entered into a new unsecured three year £40 million multi currency revolving facility agreement with Scotiabank (Ireland) Designated Activity Company (the "New Facility") which replaces a £30 million unsecured facility that matured today. Under the terms of the New Facility the Company also has the option to increase the level of the commitment from £40 million to £60 million at any time, subject to the identification by the Manager of suitable investment opportunities and Lender credit approval.

The existing drawings of HKD 212,500,000 and USD 7,157,751.05 have been rolled under the New Facility to 13 June 2017.

Enquiries:

William Hemmings, Aberdeen Asset Managers Limited, 020 7463 6000

 

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