- Murray International Trust has reached agreement with the Royal Bank of Scotland under which a new aggregate £120m loan has been made available to the company and the existing JPY ¥10.7bn loans with the Bank have been confirmed.

The purpose of the loan is to refinance the existing JPY ¥8.2bn loan with Barclays Bank, to increase the overall facilities available to the company in light of the its increase in size and to confirm the financing of the existing JPY ¥10.7bn facilities with the Bank.

The loan is being made available by way of two £60 million facilities repayable in four and five years' time which will incur interest at all-in rates of 2.21% and 2.575% respectively.

The existing JPY ¥8.4bn facility repayable on 13 May 2015 and the existing JPY ¥2.3bn facility repayable on 16 February 2014 are fixed at all-in interest rates of 3.17% and 2.03%, respectively.

At 11:33am: [LON:MYI] Murray International Trust share price was +4.5p at 1195.5p

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