Fixed interest rate survey
■ The table below shows the range of fixed interest investments available on New Zealand money-markets. It is mainly based on data provided, by. Broadlands-Dominion Group, Ltd, but has been adapted to include local rates where applicable. It should be noted that m the mote volatile markets rates may change from day to day, and rates quoted are indicative only of a range available. Only a selection of financial institutions can be quoted, and prospective investors should consult their financial advisers. FIXED INTEREST RATE SURVEY (Dec. 19)
KEY „ , t Lending (Letting out) Rate Investment (Taking in) Rate Call 30 80 90 t Home Lending Table Mortgage Kate davs davs days ** Up to 30 years DEPOSITS Official Market Maior Shareholders and Security 11 i mth 11.5 2 mths 3 mths ■ 6 mths 9 mths 1 yr 2 ’ yrs 3 yrs yrs 10 yrs Unofficial Market 11 12.25 13 13.5 13.5 — —- —— — —— —■ Secured 11.5 12.7c i 13.5 14 14 — — — — — — Unsecured Trustee Savings Banks Nat. Provident Fund Govt Guaranteed Govt Guaranteed 8 8 10 8.25 8.5 6.25 11 9.5 12 11.5 10 13 ... 11.5 10 13 10 13 10 10 Building Societies Trading Banks TRANSFERABLE OR . Bank Guaranteed — 12.5 13.75 14 14,5. 12.5 13 NEGOTIABLE 1NSTRUMEN.. — — . 11.5 12 Govt Stock: New Issue 10.25 10.4 10.6 11.25 11.5 •— — Treasury Bills Local Authority Stock New Issue Certain loans carry Govt Guarantee — — — - • 11.5 11.6 11.5 11.6 12.5 12.6 13.5 13.8 .11.25 11.35 Secondary Mortgages: — V— — 14 —— — — . 17 — Broadlands* — ■■ '■■■» «— — — 14 12.5*' Solicitors* — V— MV —— —» — V— Building Societiest —— —— — ■ —— — —— — Savings Banks* Corporate Debentures Prime industrial — - . - 11 12.5 13.5 14.5 . 14.75 15 15 — Finance Company debentures New Issues: Broadlands Finance and Discounts Public Company 9 10 — 11 12.5 13 14.75 15 15.5 15 15.5 13 13 12: Pyne, Gould Guinness 1% C.B.A., 30% Fletcher — — Marac U.D.C. A.N.Z. Bank Secondary Fin Co. Unsecured Notes 10 10.5 11.5 — 13.5 15 15.25 15.5 — — Broadlands Marac U.D.C Commercial Bills Unsecured —- 14.7 15.4 15.9 —’ — Prime
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Press, 19 April 1980, Page 19
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322Fixed interest rate survey Press, 19 April 1980, Page 19
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