Lowland Investment Company plc has agreed to issue £30 million in senior unsecured fixed rate private placement notes at an annualized coupon of 3.15% with a 20 year bullet maturity. The funding date for the notes will be 5 January 2017 and the notes will be due for repayment on 5 January 2037. The semi-annual interest payment dates for the notes will be 5 July and 5 January. The net proceeds from the company's issuance of the notes will be used for investment and general corporate purposes, including the repayment of short-term bank debt.