£10m STATE LOAN
Issue Opens February 11 (NX Press AMMatoMU WELUNGTOK. Tmmry M Th* Ctavsmmaat wiH raise an internal loan of <l3 million next month. Th* Mtotatar cf Hnane* <Mr Lake) Mid today that th* terms at th* loan would b*ja foito**: _ Short-term stock rspnysbte July 15, 1886—41 par coot at par. Minimum autucriptton £lO,OOO. Medium-term stock rapt?* able Aupuat 11. IMM 6p*t cent, at par. Longterm stock repayable August 13. 1877-78—6 par cent at a price at £M la 2d per £lOO of stock, giving a “ approsdmately £5 to BcL Subaoriptfoas are payable in tail at the time at apptiea* toon. '■ “Abbougb the loan will not open foully until February 11.” acid Mr Uk* "subaariptiona ean be made in advance by apnikntion -to the 9a> serve Bank, either direct or through a bank dr sharebroker. ' pd “The loan witi close on March 1, and I hope that there wok be a good reaponae from invertor*?'
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Bibliographic details
Press, Volume CII, Issue 30044, 31 January 1963, Page 7
Word Count
156£10m STATE LOAN Press, Volume CII, Issue 30044, 31 January 1963, Page 7
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