Scottish Mortgage closes US PP deal

By Silas Brown
05 Jun 2018

Scottish Mortgage Investment Trust has raised £170m in long-dated US private placement notes.

Santander arranged the transaction, which was split across three tranches. There was a 20 year note for £30m with a fixed coupon of 2.91%, a £50m 23 year note with a fixed coupon of 2.94%, and a 30 year note for £90m and with a fixed coupon ...

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