Issue of Japanese Yen Fixed Rate Debt Completion

AVI Global Trust PLC

12 September 2024

 

Issue of Japanese Yen Fixed Rate Debt Completion

AVI GLOBAL TRUST PLC

Legal Entity Identifier (LEI): 213800QUODCLWWRVI968

12 September 2024

ISSUE OF JAPANESE YEN FIXED RATE DEBT COMPLETION

Further to the announcement issued on 25 July 2024, AVI Global Trust plc (the Company) is pleased to announce that it has today completed an agreement to issue Japanese Yen (JPY) 5bn fixed rate unsecured debt, for a term of fifteen years. The annual interest rate on the debt is 2.28%. The debt is denominated in JPY and is equivalent to approximately GB£25.1m at current exchange rates.

Following this agreement, the Company will have the following fixed rate debt in issue:

GB£30m           4.184% Series A Sterling Unsecured Loan Notes, due 15 January 2036

EUR30m           3.249% Series B Euro Unsecured Loan Notes, due 15 January 2036

EUR20m           2.93% Series B Euro Unsecured Loan Notes, due 1 November 2037

JPY8bn            1.38% Unsecured Loan Notes, due 6 July 2032

JPY4.5bn          1.44% Unsecured Loan Notes, due 25 July 2032

JPY 5bn           2.88% Unsecured Loan Notes, due 12 September 2039

In addition, the Company has a JPY12bn multi-currency revolving credit facility, none of which is currently being utilised, and this facility will formally mature on 26 September 2024.

The Company is currently 6% geared on a net basis (106% invested).

Enquiries:          Asset Value Investors Ltd                     

020 7659 4800

Disclaimer

The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act. This notice is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

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