Eurobond issue for DFC
PA Wellington Development Finance Corporation has announced that it opened a SNZ4O million eurobond issue, at an interest rate of 16% per cent, in London. It said the issue, opened on Tuesday, is managed by Goldman Sachs International Corporation, with Banque Bruxelles Lambert, Hambros Bank, Ltd, and Nikko Securities Company (Europe), Ltd.
The bonds mature in August, 1988. The general manager of DFC, Mr John Hunn, said that the competitive interest rate reflects the high standing DFC enjoys in international capital markets. “International confidence in DFC is demonstrated also in the willingness of investors to provide these funds for the corporation on an unsecured basis,” he said.
Proceeds from the issue will be used to fund the corporation’s normal operations.
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Press, 15 July 1985, Page 32
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124Eurobond issue for DFC Press, 15 July 1985, Page 32
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