Foreign & Colonial becomes latest to lock in cheap long term debt


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Originally published at: http://whichinvestmenttrust.com/foreign-colonial-becomes-latest-to-lock-in-cheap-long-term-debt/
With interest rates at historic lows pressure has been building for managers to secure low rates for the long term but it is not without its dissenters. Foreign & Colonial Investment trust (LON:FRCL) has borrowed £75 million at an annual rate of only 3.04%. the trust is one of the largest with a market cap…