CONVERSION LOAN
Govt Terms Outlined (N.Z. Press Association; WELLINGTON, August 6. A conversion offer covering two Government loans totalling £3lm which mature in September and October was announced today by the Minister of Finance (MiLake). Terms offered are the same as for the successful July cash loan, except that the eightyear stock in that issue has been replaced by a six-year maturity. The conversion loan will open on Monday, and close on September 3. All holders of maturing stock will receive individual notices from the Reserve Bank setting out full details of the offer. “The terms fixed are fully consistent with current interest rates and should prove attractive to investors,” said Mr Lake. “I commend this conversion loan to the present holders of maturing stock at an excellent investment opportunity. “Those who are able to accept the conversion offer not only will benefit directly from the attractive terms, but also will help the Government to beat inflation,” the Minister said.
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Bibliographic details
Press, Volume CIV, Issue 30823, 7 August 1965, Page 14
Word Count
160CONVERSION LOAN Press, Volume CIV, Issue 30823, 7 August 1965, Page 14
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