Tap issue
PA Wellington The deputy governor of the Reserve Bank (Mr D. L. Wilks) staled that the following ruling prices for tap issue stocks would apply from the commencement of business last Tuesday. Tap issue No. 3 — 12 per cent maturing 15.3.84. the ruling price will be $99.1051 for each $lOO of stock face value. (The effective yield to maturity ‘is 12.374 per cent). Tap issue No/ 4 — 12.5 per cent maturing 15.3.87. the ruling price will be $98.1218 for each $lOO of stock face value. (The effective yield to maturity j? 12.961 per cent). The changes are the normal monthly adjustment because of the tap stocks on issue moving a month closer to maturity.
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Press, 23 June 1981, Page 19
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116Tap issue Press, 23 June 1981, Page 19
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