TIDMCTY

RNS Number : 9325Q

City of London Investment Trust PLC

15 September 2017

HENDERSON INVESTMENT FUNDS LIMITED

THE CITY OF LONDON INVESTMENT TRUST PLC

Legal Entity Identifier: 213800F3NOTF47H6AO55

15 September 2017

THE CITY OF LONDON INVESTMENT TRUST PLC

Long Term Fixed Rate Borrowing

The Board of the Company announces that it has agreed to issue GBP50m of fixed rate 32-year secured private placement notes (the "Notes") at an annualised coupon of 2.94%. The funding date will be 17 November 2017, with interest payable semi-annually on 17 May and 17 November (first payment on 17 May 2018). The principal repayment date will be 17 November 2049.

The Notes shall be direct secured obligations of the Company and rank pari passu with all other secured indebtedness of the Company.

The purpose of the Notes is to secure fixed rate long dated Sterling denominated financing at a pricing level the Company considers attractive and to take advantage of the Company's flexibility to utilise both short and long term gearing in order to enhance performance.

J.P. Morgan Cazenove acted as placement agent in respect of this issue.

Enquiries:

Janus Henderson Investors

James de Sausmarez

Tel: +44 (0)20 7818 1818

J.P. Morgan Cazenove

Tel: +44 (0)20 7742 4000

William Simmonds

This information is provided by RNS

The company news service from the London Stock Exchange

END

DOCZELFFDKFFBBK

(END) Dow Jones Newswires

September 15, 2017 10:23 ET (14:23 GMT)

City Of London Investment (LSE:CTY)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more City Of London Investment Charts.
City Of London Investment (LSE:CTY)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more City Of London Investment Charts.