Marac seeks $6 million
A prospectus seeking s6m I was yesterday issued by ; Marac Finance, Ltd, with a ; right to accept oversubscriptions of a further , sBm. The interest rates for the: new prospectus are set at a high of 11.5 per cent for six to 20 years, and 11 per cent - for three to five years. The! rate varies between 5.5 per cent and 6.5 per cent for six months to two years. More than sl3m funds were raised under a prospectus which had just expired, the company said in a statement. The company also reports that its overseas loans will -be revalued against accumulated reserve by $350,000 after provision for taxation.
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Bibliographic details
Press, Volume CXV, Issue 33934, 29 August 1975, Page 13
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112Marac seeks $6 million Press, Volume CXV, Issue 33934, 29 August 1975, Page 13
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