Henderson High Income has decided that it wants to take advantage of the low interest rate environment by issuing £20m of fixed rate notes. These have a 19 year life and pay a coupon fixed at 3.67%. The funding date is 8 July 2015 with interest payable semi-annually in arrears. The principal repayment date will be 8 July 2034. They say the proceeds will be used to repay short-term credit facilities and for general corporate purposes.
HHI : Henderson High Income borrows £20m