I.H.C.C. top rate 15.5 p.c.
International Harvester Credit Company has announced a new issue of secured debenture stock, which carries a top interest rate of 15.5 per cent for 2-5 year terms, and 15 per cent for 1 year. The issue is unconditionally guaranteed by International Harvester Company of New Zealand. Mr Allan J. Dewar, managing director says that I.H.C.C. has been experiencing strong growth in demand for its financing services, and that the new issue is mainly to provide for further planned expansion. of the company. I.H.C.C. ' provides retail and wholesale financing facilities to. the I.H. branch and dealer network throughout’ New Zealand. The . total assets of the company in-1 creased 42.5 per cent during the year to April 30. Most of this growth was in hire, purchase finance to farmers' and transport operators, puri chasing I.H. equipment.
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Press, 22 July 1980, Page 18
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139I.H.C.C. top rate 15.5 p.c. Press, 22 July 1980, Page 18
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