Higher Interest For D.F.H. Debs.

Press, Volume CVI, Issue 31169, 20 September 1966, Page 20

Higher Interest For D.F.H. Debs.

Higher interest rates are being offered by Dominion Finance Holdings in a prospectus filed yesterday for a further issue of £150,000 registered debenture stock.

A similar issue made earlier this year by Dominion Finance, Christchurch-based finance group was oversubscribed. Higher interest is offered for all terms from two to ten years.

Interest offered is 7} per cent for 10 years, 71 per cent for seven years, 7 per cent for five or six years, 6} per cent for four years and 6{ per cent for two years. Last year’s prospectus offered 7 per cent for 10 years,

6i per cent for eight years, 6j per cent for five years and 6 per cent for two years. The issue is aimed at replacing loans falling due and financing group business.

Directors may accept oversubscriptions for the issue which opens on September 30.

Stock exchange permission has been sought to have the five, six, seven and 10 year stock quoted on the official list. Trustee for the debenture holders is Trustees Executors and Agency Company of New Zealand. Underwriters for the issue are Hamilton and Hamilton (incorporating J. B. Hindin), members of the Christchurch Stock exchange. Tangible assets cover for each £lOO debenture stock issued is £214.