Treasury bill rates firm

Press, 26 February 1986, Page 33

Treasury bill rates firm

Fletcher Challenge’s building materials sector has established a new manufacturing planning group and announced a range of new appointments. The new group includes glass and mirror manufacturer, Moore and Crawford, Ltd, of Auckland; aluminium joinery manufacturer, Nebulite Aluminium Industries, Ltd, of Tauranga; Cleland Glass, of Feildlng; and building foil and building papers manufacturer, Fletcher Duroid, Ltd, of Auckland, each of which continues to operate as a separate

unit The general manager Is Mr David Sixton (left), whose background embraces accounting, marketing and management The commercial manager is Mr John Syme (centre left), who also spent 15 years with various AHI companies in accounting, administration and company secretary roles. Mr Terry Edge (centre) has been appointed employee relations manager. Mr Philip Manson (centre right) becomes project manager and Mr Guy McDonald (right) becomes finance manager.

PA Wellington Interest rates on Treasury bills firmed slightly at yesterday’s SIOOM tender. The average yield on the sale of 28-day bills was 18.552 per cent, up from 18.489 per cent for 35-day bills two weeks ago. No comparable bills were sold last week.

Dealers bid a total of SI6OM for the SIOOM of 28-day bills on offer. Bills at 28 days: Offered, $100M; bid, $260; sold, $100; successfull yields, 18.25 to 18.94 per cent; weighted average, 18.552; previous average, 18.489 for 35-day bills, February 11; unsuccessful bids, 18.94 to 22.90.