Schroder Real Estate Investment Trust (SREI) has agreed a £130m debt package with insurer Canada Life that should improve its profitability and its dividend cover. It will repay its old securitised loan - which was due to mature in July 2014 - and use a new facility from mid-April. The interest rate will be set then, but, assuming no change in yields on UK government bonds, it should be about 5 per cent.
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