LOAN FOR AUSTRIA.
THE ISSUE OVERSUBSCRIBED. (United Press Association—Copyright). LONDON, August 10. The Austrian loan AA'as OA rer-sub-scribed. The lists Avhieh opened simultaneously in London, Paris, and Rome, £4,500,000 being issued in each capital, closed one minute after opening. The financial editor of the “Daily Express” says: “The city learned with amazement that the French portion of the neAV Austrian loan, for the same amount as the British portion is being floated on the basis of 51 per cent, at 93, and that Rome is offering a loan on even more generous terms, namely, 91). Thus, Avliile the British investors Avill receive the meagre return of £3 2s 6d, the French and Italian imrestors are demanding 0 per cent, despite the fact that the issue lias .their Go\ rernment’s full guarantee.” The British portion of the Austrian Government international guaranteed loan, 1933-53, amounting to £4,514,200, is in 3 per cent, guaranteed sterling bonds, the price of issue being £96 per cent, guaranteed as to principal and* interest by the British Government.
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Bibliographic details
Ashburton Guardian, Volume 53, Issue 257, 11 August 1933, Page 8
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171LOAN FOR AUSTRIA. Ashburton Guardian, Volume 53, Issue 257, 11 August 1933, Page 8
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