Conversion Offer
(N Z. Press Association) WELLINGTON, Sept. 13. The terms of the Government’s conversion offer to holders of 4) per cent October 15, 1968 stock, and 5 per cent, 1966-68 stock, totalling approximately $19.1m, were announced today. The terms offered are: 4 7/8 per cent, October 15, threeyear stock at par; 5} per cent, October 15, six-year stock at par; 5} per cent, October 15, 16-year stock at par. The medium and long-term rates being offered are the same as for recent cash and conversion loans, but the short-term rate has been adjusted slightly to bring it into line with current market yields.
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Bibliographic details
Press, Volume CVIII, Issue 31785, 16 September 1968, Page 16
Word Count
104Conversion Offer Press, Volume CVIII, Issue 31785, 16 September 1968, Page 16
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