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FINWIRES

Templeton Emerging Markets Investment Trust Raises Revolving Loan Facility

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Templeton Emerging Markets Investment Trust (NZE:TEM) increased its multi-currency revolving loan facility with the London branch of Bank of Nova Scotia to 150 million pounds sterling from 122 million pounds sterling on July 23, according to a Wednesday filing with the New Zealand bourse.

The facility will continue under the existing terms as a rolling agreement, with an option to terminate after one year and a commercial review scheduled every three years, per the filing.

Borrowings under the facility are subject to an annual margin of 0.95% above the applicable market reference rate for the relevant borrowing currency, while undrawn commitments have an annual commitment fee of 0.325%, the filing said.

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