DEB. ISSUE BY DALGETY
Only £o.4mU)f £3m Subscribed The £3,000.000 debenture offering by Dalgety and New Zealand Loan Company. Ltd . or the London market was an “abject failure.” the "Australian Financial Review” reports The debentures earry interest at 6] per cent., and mature between 1985 and 1995 The stock was offered at £9B per £lOO worth of stock The issue attracted applications for a mere £400.500 leaving the underwriters to find the balance of some 86 5 per cent.. of the issue, the “Review” says. “This miserable result follows the equally dismal reception given to the £7.500 000 debenture offering of B.H P last June when subscriptions amounted to only 123 per cent of the issue.’’ Institutions did not support the issue, apparently, in the hope that their requirements could be picked up off the market at a later date but at a point or so lower than the offered price.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19621214.2.182
Bibliographic details
Press, Volume CI, Issue 30005, 14 December 1962, Page 17
Word Count
151DEB. ISSUE BY DALGETY Press, Volume CI, Issue 30005, 14 December 1962, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in