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.
