U.E.B. $5m debenture
(N.Z. Press Association) AUCKLAND, July 24. U.E.B. Industries, Ltd, will offer interest rates up to 8| per cent in its first public issue of secured debenture stock. The ssm issue, which was announced in the company’s annual report last month, will offer six maturities: 3 years, 6f per cent: 5 years, 7| per cent; 7 years, 7} per cent; 9 years, 8 per cent; 12 and 20 years, 8| per cent. The deputy managing director (Mr G. S Phillips) said that the issue would provide additional working capital to finance the increased business of the company, especially in the export sector, and the finance required to maintain the general expansion of the group.
Part of the proceeds would be used to repay certain existing short-term debenture stock on maturity.
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Bibliographic details
Press, Volume CXII, Issue 32977, 25 July 1972, Page 16
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132U.E.B. $5m debenture Press, Volume CXII, Issue 32977, 25 July 1972, Page 16
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