POOR RESPONSE.
AUSTRALIAN LOAN. UNDERWRITERS SHARE 60 P.C. OPENS AT DISCOUNT. (Received 10 a.m.) LONDON, May f>. Underwriters had to take up about 60 per cent of the Commonwealth loan, i vestors applied for about £2.380,000. i ie loan opened .:t seven-eighths discount, declining to a nou 1. The loon referred to was for £7,000,000, carrying interc.-t at 3% por cent, maturing in 10.52-36 and issued at £99. Of the amount applied for £2,000,000 was to be used for defence purposes and the balance to redeem Treasury bills held by the Commonwealth Bank. The redemption yield at the latest date is £3 16/6 per cent.
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Bibliographic details
Auckland Star, Volume LXIX, Issue 106, 7 May 1938, Page 4
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105POOR RESPONSE. Auckland Star, Volume LXIX, Issue 106, 7 May 1938, Page 4
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