N.Z. UNITED ISSUE

Press, Volume CIII, Issue 30342, 18 January 1964, Page 5

N.Z. UNITED ISSUE

£lOO,OOO Reg. Deb. Stock (N.Z. Press Association) WELLINGTON, January 17. The chairman of New Zealand United Corporation, Ltd. (Mr F. H. Renouf), announced in Wellington today that the company this afternoon filed a prospectus for an issue of £lOO,OOO registered debenture stock. The issue offers three optional, terms: five years maturing March 31, 1969, at 6 per cent a par, eight years maturing March 31, 1972, at £6 10s per cent at par, and 12 years maturing March 31, 1976, at £6 10s per cent at £99 per cent, giving an effective yield of £6 12s 6d. Underwritten The issue has been underwritten by Daysh, Renouf and Company, members of the Wellington Stock Exchange. Mr Reuouf also stated that the company, which acts as an investment banker, had experienced favourable trading conditions so far during its current financial year. Profit for the group to date is ahead of profits for the comparable period in the previous financial year. Net profits after taxation for the full year ended March 31, 1963 were £33,972.

Unit Trust Quotes

Buy s d Sell s d 1st N.Z, Unit ..5 3 5 7 N.Z. Income .. 4 10 5 2 N.Z. Accum. .. 5 11 6 3 1st Dom. .. 4 11 5 3 2nd Dom. .. 5 10 6 2 Mut. Fund ..5 5 5 9 Inv. Unit ..4 7 5 0