By Josh White
Date: Friday 18 Aug 2023
LONDON (ShareCast) - (Sharecast News) - Impact Healthcare REIT announced the acquisition of a new £50m interest rate cap on Friday, set against the Sterling Overnight Index Average (SONIA) at a rate of 4.0%.
The London-listed real estate investment trust said the cap, effective for two years, would expire on 15 August 2025.
It said the process of setting this cap came at a cost of £1.76m.
With the purchase, Impact Healthcare said it had effectively hedged or fixed the interest rates on 92%, or £175m, of its current drawn debt of £191m.
As a result, the group's weighted average cost of drawn debt currently stood at 4.66%, calculated with SONIA pegged at 5.4%.
"The group's gross loan-to-value ratio at 30 June was 28.5%," the Impact Healthcare board said in its statement.
"No further debt has been drawn at the date of this announcement."
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 87.70p |
Change Today | 0.50p |
% Change | 0.57 % |
52 Week High | 101.80 |
52 Week Low | 78.90 |
Volume | 125,662 |
Shares Issued | 414.37m |
Market Cap | £363.40m |
Value |
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Latest | Previous | |
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1st Interim | 4th Interim | |
Ex-Div | 02-May-24 | 08-Feb-24 |
Paid | 17-May-24 | 23-Feb-24 |
Amount | 1.74p | 1.69p |
Time | Volume / Share Price |
08:43 | 561 @ 87.70p |
08:42 | 2,850 @ 87.70p |
08:40 | 16,501 @ 87.70p |
08:35 | 15,963 @ 87.70p |
08:34 | 8,408 @ 87.63p |
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