abrdn Asian Income Fund Limited Renewal of Revolving Credit Facility
March 03 2025 - 11:06AM
RNS Regulatory News
RNS Number : 1534Z
abrdn Asian Income Fund Limited
03 March 2025
ABRDN ASIAN
INCOME FUND LIMITED (the "Company")
LEI Identifier:
549300U76MLZF5F8MN87
Renewal of
Revolving Credit Facility
3 March
2025
The Company announces that it has renewed its
secured, one year £50 million multi-currency revolving credit
facility ("revolving credit facility") with Bank of Nova Scotia,
London Branch ("the Lender") for another year.
Under the terms of the revolving credit
facility, the Company has the option to increase the level of the
commitment from £50 million to £70 million at any time, subject to
the identification by the Investment Manager of suitable investment
opportunities and the Lender's credit approval.
Under the revolving credit facility, HKD73.5
million has been drawn down for a 3-month period and US$ 8.85
million and GBP 17.8 million have been drawn down for a one-month
interest period.
The Company's total gearing remains unchanged
and currently amounts to the Sterling equivalent of £32.3 million
or 8.6% of the net asset value of the Company (based on unaudited
net assets as at the close of business on 28 February
2025).
abrdn
Investments Limited
Administrator
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
MSCSSLFMDEISESD
Abrdn Asian Income (LSE:AAIF)
Historical Stock Chart
From Feb 2025 to Mar 2025
Abrdn Asian Income (LSE:AAIF)
Historical Stock Chart
From Mar 2024 to Mar 2025
