Securities Trust of Scotland Gets GBP25 million Loan from Royal Bank of Scotland PLC
September 22 2016 - 12:06PM
Dow Jones News
LONDON--Securities Trust of Scotland PLC (STS.LN) said on
Thursday that it has secured two loans from the Royal Bank of
Scotland PLC (RBS.LN), worth a total of 25 million pounds ($33
million).
The company said that the first loan is for two years and is
worth GBP10 million, adding that the second one is a
multi-currency, seven-year facility worth of GBP15 million.
The money were drawn down in full on Thursday, the company said,
adding that they be used to pay the existing loan of GBP17
million.
Shares closed at 157 pence.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
September 22, 2016 11:51 ET (15:51 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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