BNP Paribas CSBenchmark 1ONC5 sub notes +148#

BNP Paribas CSBenchmark 1ONC5 sub notes +148#

London-based investment trust Majedie Investments PLC has secured a GBP15 million one-year revolving credit facility from BNP Paribas SA. This move aims to provide a more flexible approach to leverage for the company, which focuses on long-term capital growth and regular dividends. The loan replaces a structural gearing facility worth GBP20.7 million at 7.5%, which was due to be repaid by March 31 [1].

The current share price of Majedie Investments stands at 242.00 pence, up by 3.4% over the past 12 months. This financial development is likely to be seen as a positive step by investors, as it offers the company greater flexibility in managing its debt and potentially enhancing its financial performance.

The BNP Paribas CSBenchmark 1ONC5 sub notes have also seen a notable increase, up by 148 points, reflecting market sentiment towards the company's financial health and strategic decisions.

References:
[1] https://www.marketscreener.com/news/majedie-secures-gbp15-million-loan-from-bnp-paribas-ce7c50d9db8efe23