Advance Frontier Markets Fund Limited has extended its borrowing facility with Investec Bank for a further one year period.

Under the terms of the facility the company may draw down loans of, in aggregate, up to US$6 million.

The other terms, including the rate of interest payable, are materially the same as per the existing facility. The rate of interest on each loan is calculated at LIBOR plus a margin of 3.25% per annum.

At 9:33am: (LON:AFMF) Advance Frontier Markets Fund Ltd share price was 0p at 52.25p