Scottish Mortgage Investment Trust PLC announced that it has raised a further £188 million in long-term, fixed rate, senior, unsecured private placement notes, denominated in a mixture of Sterling and Euros. This transaction has provided the Company with further long-term financing at very attractive rates. These new notes are part of Scottish Mortgage's existing gearing facilities. The new private placement agreement provides for total additional borrowings of £188 million, through the issuance of three notes: one 20-year note for £150 million with a fixed coupon of 2.30%, one 25-year note for EUR 18 million with a fixed coupon of 1.65% and a 30-year note for EUR 27 million with a fixed coupon of 1.77%. All coupons will be payable semi annually. The funding date for all three tranches was the 15 January 2020.