IN BRIEF: F&C Investment Trust to issue GBP150 million in notes

F&C Investment Trust PLC - aims for long-term growth and income by investing in listed equities ...

Alliance News 3 December, 2021 | 9:20PM
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F&C Investment Trust PLC - aims for long-term growth and income by investing in listed equities globally - Will issue fixed rate senior unsecured notes in three tranches.

First tranche is for GBP50 million in notes at a coupon of 2.06% due 2037, the second for GBP45 million in notes at 1.96% due 2056, and the third for GBP45 million at a 1.87% coupon, due 2061.

Proceeds will go towards refinancing existing indebtedness, and well as investment and other general corporate purposes.

Current stock price: 899.00 pence

Year-to-date change: up 14%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
F&C Investment Trust Ord 880.00 GBX 0.11

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