Dalgety N.Z. to raise $5.3m

Press, Volume CXIV, Issue 33448, 1 February 1974, Page 21

Dalgety N.Z. to raise $5.3m

(A.Z. Press Association AUCKLAND. January 3). ' Dalgety New Zealand, Ltd, ■ is offering an interest rate of 8.75 per cent for 20-year! stock in its $5.3m public issue of registered debenture stock. > The issue will open today! land remain open until June 128 unless earlier fully sub-! I scribed. The company does! not reserve the right to I over-subscriptions. | Interest of 7.25 per cent I is offered_ three-year stock;; five-year, 7.75 per cent; eight- ■ year, 8 per cent; 10 year,! 8.25 per cent; and 15-year,! 8.50 per cent. The directors may restrict! the debenture stock'available in each of the three-year and five-year terms. Shareholders of Dalgety New Zealand and existing debenture holders of Dal-i gety’s Properties (N.Z.), Ltd. have been granted a prior 1 I right until March I to apply 1 i for debenture stock up to slm. I Payment may be in full on : application or not less than 50 per cent on application land the balance at any time I up to June 28. I The issue is the second I phase in the company’s re(financing in New Zealand of the debenture repaid to Dalgety, Ltd, of London, of £4.42m late last vear. -—■ ,New subsidiary registered t.V.Z. Press Association i I WELLINGTON, Jan. 31. | First New Zealand Investment Services, Ltd, a whollyowned subsidiary of First New Zealand International, i Ltd, in which the Bank of I New Zealand has a 40 per (cent interest, has been registered at the Wellington Comjpanies Office. J First New Zealand International is a merchant bank which began in August, >1972, and is engaged in a wide range of business actiivities.