Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Templeton Emerging Markets Investment Trust
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
== Gearing<ref name=":2" /> == TEMIT has a £100m five-year, 2.089% sterling-denominated, fixed-rate loan with Scotiabank Europe that matures on 31 January 2025. It also has a £120m three-year unsecured multi-currency revolving credit facility (RCF) with the Bank of Nova Scotia, which can be drawn down in sterling, US dollars or Chinese renminbi (CNH) at the prevailing market rates at the time of drawdown. The maximum amount of CNH permitted is 45% of the combined £220m debt facility. In October 2021, TEMIT drew down £50m of the RCF, which has subsequently been rolled over. At end-May 2022, net gearing was 1.2%. The managers note that the beta of TEMIT’s portfolio is at the higher end of the historical range; hence if gearing is increased it is likely to be used to buy lower-beta stocks.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)