Scottish Mortgages raises $400m through private placement

To maintain appropriate level of gearing

clock • 2 min read
Numis said the US Dollar debt will also act a partial currency hedge
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Numis said the US Dollar debt will also act a partial currency hedge

The board of the £18.3bn Scottish Mortgage investment trust has raised $400m through a private placement to provide “long-term financing”.

In a stock exchange announcement, the board said it increased the level of borrowings "in order to maintain what it believes to be the appropriate level of gearing of the portfolio". Analysts at Numis...

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