Dairy tenders
PA Wellington The Dairy Board has accepted tenders for just $2.5M of its SIOM tender bond issue.
Offered on May 8, the bonds had a face value of $200,000 and a nominal interest rate of 11 per cent. They were effectively identical to the new Government stock tendering system. However, discounts
offered in most of the $13.5M in bids received made the effective interest rate too high, the board said.
“Because interest rates offered were mainly outside the levels Government has indicated are desirable, most were declined,” it said.
The bids accepted ranged from 13.25 per cent to 13.3 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840518.2.75.10
Bibliographic details
Press, 18 May 1984, Page 8
Word Count
103Dairy tenders Press, 18 May 1984, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.