Issue of Debt
To: RNS
From: The Scottish Oriental Smaller Companies Trust plc
LEI: 213800DBSW6WJXKNXL87
Date: 23 March 2021
The Scottish Oriental Smaller Companies Trust PLC raises £30 million of long-term debt.
The Scottish Oriental Smaller Companies Trust PLC announces that it has agreed to issue £30 million of long-term, fixed rate, senior, unsecured privately placed notes providing the Company with long-term financing at an attractive rate.
The new privately placed notes are being issued in one tranche: £30 million with a fixed coupon of 2.75% to be repaid 24 March 2041. The coupon will be payable semi-annually. The funding date is 24 March 2021.
James Ferguson, Chairman of The Scottish Oriental Smaller Companies Trust PLC, says:
"I am delighted that The Scottish Oriental Smaller Companies Trust PLC has been able to raise private placement debt at highly attractive long-term rates. The Board is confident that the investment of these proceeds will enhance the long-term returns for our shareholders."
PATAC Limited
Company Secretary
Enquiries: 0131 378 0500
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