abrdn Asian Income Fund Limited announced that it has renewed its 3 year £40 million multi-currency revolving credit facility ("revolving credit facility") with Bank of Nova Scotia, London Branch ("the Lender"), for an increased sum of £50 million, secured by a floating charge, for one year. Under the terms of the revolving credit facility, the Company also has the option to increase the level of the commitment from £50 million to £70 million at any time, subject to the identification by the Manager of suitable investment opportunities and the Lender's credit approval. Under the revolving credit facility, HKD 73.5 million, USD 8.85 million and GBP 17.8 million has been drawn down for a one month interest period.

The Company's £10 million fixed rate loan, which matures today, has not been renewed.