Lowland takes advantage of record low interest rates to secure a bargain


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Originally published at: http://whichinvestmenttrust.com/lowland-takes-advantage-of-record-low-interest-rates-to-secure-a-bargain/

With economists predicting a rate rise early next year, the Board has moved to secure long term borrowing at the cheapest rate we’ve seen, in a move that should benefit shareholders. Lowland Investment Company (LON:LWI) has agreed a twenty year debt arrangement for £30 million, at a low rate of only 3.15% per year, maturing…