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ABRDN ASIAN INCOME FUND LIMITED renewed its secured, one-year £50 million multi-currency revolving credit facility with Bank of Nova Scotia, London Branch on 3 March 2025. The Company has an option to increase the commitment to £70 million. Under the facility, HKD73.5 million has been drawn down for three months, and US$8.85 million and GBP17.8 million for one month, with total gearing at £32.3 million or 8.6% of net asset value as of 28 February 2025.
| Date | 3 Mar 2025 |
| Time | 16:06:46 |
| Category | Miscellaneous |
| ID | 1534Z |
ABRDN ASIAN INCOME FUND LIMITED (the "Company")
LEI Identifier: 549300U76MLZF5F8MN87
Renewal of Revolving Credit Facility
3 March 2025
The Company announces that it has renewed its secured, one year £50 million multi-currency revolving credit facility ("revolving credit facility") with Bank of Nova Scotia, London Branch ("the Lender") for another year.
Under the terms of the revolving credit facility, the Company has the option to increase the level of the commitment from £50 million to £70 million at any time, subject to the identification by the Investment Manager of suitable investment opportunities and the Lender's credit approval.
Under the revolving credit facility, HKD73.5 million has been drawn down for a 3-month period and US$ 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