A.G.C. rates reduced
“Despite a continued record demand for funds,” Australian Guarantee Corporation (N.Z.), Ltd, has further reduced its rates for both debentures and unsecured notes by up to 1 per cent, from July 24. Rates were previously reduced by up to i per cent on July 3. The new rates for secured debenture stock with the old rates in parenthesis are: Three months, and thereafter at call — 6 months 12 per cent (12.5 per cent); 9 months - 12 months 14 per cent (14.5); 18 months 14.25 per cent (14.75), 2 years 14.5 per cent (15); 3 years 14.5 per cent (15); 4 years 14.5 per cent (15); 5 years 14 per cent (15). A.G.C. is again giving investors seven days’ advance notice of intention to reduce the rates on all applications received after 9 a.m., Thursday July 24 at its head office in Auckland. .
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Press, 21 July 1980, Page 22
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145A.G.C. rates reduced Press, 21 July 1980, Page 22
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