The Board of Temple Bar Investment Trust announced that it has agreed a £25 million fixed rate 30 year Private Placement Note at a coupon of 2.99%. The funding date will be 24 October 2017 and this financing will be due for bullet repayment on 24 October 2047. The interest payment dates will be April 24th and October 24th. The notes will be secured by a floating charge over the company's assets, ranking pari passu with the Company's 9.875% 2017 Debenture Stock, 5.5% 2021 Debenture Stock, and 4.05% 2028 Private Placement Note. The purpose of this debt issuance is principally to secure long-term Sterling denominated debt financing for the Company, at an attractive rate, ahead of its 31 December 2017 repayment of the £25 million 9.875% Debenture Stock. At a 30 year tenor and coupon of 2.99%, this issuance also extends the company’s weighted average debt maturity profile and lowers its weighted average cost of debt.