Baillie Gifford European Growth Trust plc
Legal Entity Identifier: 213800QNN9EHZ4SC1R12
Baillie Gifford European Growth Trust plc raises €30m of long-term debt
Baillie Gifford European Growth Trust plc announces that it has agreed to issue €30 million of long-term, fixed rate, senior, unsecured privately placed notes providing the Company with long-term financing at a very attractive rate.
The new privately placed notes are being issued in one tranche: €30 million with a fixed coupon of 1.55% to be repaid 24 June 2036. The coupon will be payable semi-annually. The funding date is 24 June 2021.
The aggregated €75 million of available borrowings provides scope for invested borrowing to go to 12% of shareholders' funds as at 23 June 2021.
Baillie Gifford & Co Limited
Managers and Secretaries
24 June 2021
Regulated Information Classification: Additional regulated information required to be disclosed under applicable law
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