DEBENTURE ISSUE
Group Rentals
Group Rentals New Zealand, Ltd., Wellington, expects to continue to take its fair share of the television set rental market and maintain satisfactory growth levels, says th* managing director (Mr P. H. Groenveld) in the company’s prospectus for £200,000 in registered debenture stock. Group Rentals is offering interest rates ranging from 6| per cent for the threeyear term to 7J per cent for the 10-year term. The funds from the issue will be used to extend Group Rental’s TV rental operations; repay short-term money obtained from general finance; and for further diversification.
The issue, which is secured by a trust deed, opens on Friday.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19661122.2.206.14
Bibliographic details
Press, Volume CVI, Issue 31223, 22 November 1966, Page 21
Word Count
108DEBENTURE ISSUE Press, Volume CVI, Issue 31223, 22 November 1966, Page 21
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Acknowledgements
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