Tap stock
PA Wellington The Governor of the Reserve Bank, Mr R. W. R. White has set the following ruling prices for tap issue stocks, applying from last Monday. Tap issue No. 5 — 12 per cent, maturing 15.9.84; the ruling price will be $98.9915 per $lOO of stock face value. (The effective yield to maturity is 12.416 per cent). Tap issue No. 6 — 12.5 per cent, maturing 15.9.87; the ruling price will be $98.0581 per $lOO of stock face value. (The effective yield to maturity is 12.974 per cent). The above changes in the ruling prices are the normal monthly adjustment because of tap stocks on issue moving a month closer to maturity,
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Press, 25 November 1981, Page 28
Word Count
113Tap stock Press, 25 November 1981, Page 28
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